Recently we saw the FDIC release a letter to the general public regarding banks under reporting their uninsured balances. Although banks are highly regulated, it's activity of under reporting or miss guiding the public trust with fictional financials is shocking in todays bank running environment. Under reporting uninsured accounts is misleading to depositors and is failing to build public trust in the banking system. Because of bank runs and miss guided financials, can large depositors trust banks?
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Can You Trust a Bank Today with $250K or…
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Recently we saw the FDIC release a letter to the general public regarding banks under reporting their uninsured balances. Although banks are highly regulated, it's activity of under reporting or miss guiding the public trust with fictional financials is shocking in todays bank running environment. Under reporting uninsured accounts is misleading to depositors and is failing to build public trust in the banking system. Because of bank runs and miss guided financials, can large depositors trust banks?