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The Federal Deposit Insurance Company (FDIC) has indicated that the United States is ready for the potential failure of a major Wall Street bank. Thomas Hoenig, former FDIC Vice Chairman, warned about the vulnerability of the banking system, with Republic First Bank recently closed by regulators.
Banks face increased scrutiny over the abrupt closure of customer accounts, according to recent data. Read more about it here. https://t.co/2iTJauFnhS #Bank | #Tech | #News
NatWest introduces new bank account closure rules ahead of 'debanking' changes https://t.co/Q6eZE7h84C
🚨Report: The head of the Federal Deposit Insurance Corp. says the US would be prepared to handle any collapse of a major Wall Street bank. Via: Bloomberg https://t.co/78rkN0RTA1
