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07/31/2008
According to the Federal Deposit Insurance Corporation (FDIC), the independent agency that insures bank deposits, IndyMac Bank was the third-largest financial institution to fail in U.S. history. In the wake of IndyMac’s demise, two more banks in Nevada and California were recently taken over by the FDIC. With nearly 100 banks on the FDIC watch-list, fears have been sparked in many consumers, leading them to wonder if their bank is next. To help put bank customers at ease, Better Business Bureau is providing answers to frequently asked questions about the role of the FDIC and the potential threat of additional bank failures in the U.S
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