Free Bank and S&L Ratings
Last year, the FDIC curtailed the likelihood of bank failures by temporarily increasing the agency's basic limit on individual deposit insurance coverage to $250,000 from $100,000. The increase has been extended through 2013.
The FDIC also temporarily waived all deposit-insurance limits for business-transaction accounts (checking accounts). That waiver is set to expire on June 30, 2010, after which business-checking accounts will revert to the $100,000 limit.That means it will be more important than ever for business and municipal entities such as school districts to carefully monitor the health of their banks. It's easy to have more than $100,000 of somebody else's money flowing through a business account. TheStreet.com Ratings issues independent and very conservative financial-strength ratings on the nation's 8,500 banks and savings and loans. They are available at no charge on the Banks & Thrifts Screener. -- Reported by Philip van Doorn in Jupiter Fla.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV