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Unclaimed Funds
The Federal Deposit Insurance Corporation (FDIC) provides deposit insurance to financial institutions and depositors of these institutions. If a financial institution is closed, by a regulatory agency, the FDIC is appointed as Receiver and is responsible for the payment of insured deposits and the liquidation of the remaining assets. If you did not claim your funds previously you now have another opportunity to do so. Review the "How to claim your funds" section below and complete the attached form. Why does FDIC have unclaimed funds? When a failed financial institution (ban...


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News for Bankers

JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court ord...
24 Apr 2024 at 2:10pm
JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank  CNBC

No imminent US sanctions on Chinese banks for Russia trade: Yellen - South Ch...
25 Apr 2024 at 10:40am
No imminent US sanctions on Chinese banks for Russia trade: Yellen  South China Morning Post

US wants to use the dollar to stop Chinese banks helping Russia: WSJ - Busine...
23 Apr 2024 at 5:26am
US wants to use the dollar to stop Chinese banks helping Russia: WSJ  Business Insider

Court orders seizure of $440M JPMorgan funds in lawsuit over US-Russia sancti...
25 Apr 2024 at 6:49am
Court orders seizure of $440M JPMorgan funds in lawsuit over US-Russia sanctions  New York Post

US risks ?gargantuan? financial turmoil with threats against Chinese banks - ...
24 Apr 2024 at 6:00am
US risks ?gargantuan? financial turmoil with threats against Chinese banks  South China Morning Post

Sanctions to cut off China dollar access as trade with Russia worries US - Bu...
23 Apr 2024 at 10:00am
Sanctions to cut off China dollar access as trade with Russia worries US  Business Insider


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