|
CNBC'S MOST SHARED
- Investing in Tech Now
- What You'll See On My NASCAR Documentary Tonight
- Warren Buffett Tells CNBC Consumer Sales Remain "Very, Very Soft"
- Software Giants Rush to Cash In on Carbon Counting
- Warren Buffett's Complete Sun Valley CNBC Interview - Transcript and Video
- Preparing for Retirement
- Microsoft Plays a Game of Bing Pong
- July 10th in Market History
- Video Game Makers Finding Gold in Old Titles
- GM CEO: New Company Will Make Money, Repay Loans
- GM CFO Young: No Positive Cash Flow Until 2009
- Consumers' Mood Sours in Early July
- Trade Deficit Lowest in 10 Years; Import Prices Jump
- World Has Avoided Economic Disaster, Obama Says
- Cisco Cutting up to 2,000 Jobs, Analyst Says
- AIG Prepares to Pay More Bonuses to Executives
- UBS Can't Comply with US Request: Internal Memo
- Treasury Sold Warrants Below Market Value: Panel
- Call Of Shame - Vote Now
- Schmidt on Social Media, Ads and Hulu
- 15 Stocks to Consider
- Maximum Bob Goes Full Throttle For GM
- Najarian: Options Get Bullish on Cisco
- Sun Valley on Social Media
- Four Hardware Stocks Upgraded by Goldman
- Eric Schmidt + Larry Page on Revolutionizing Computing
- Warren Buffett's Complete Sun Valley CNBC Interview - Transcript and Video
Most U.S. banks are safe and depositors are not at risk of losing their money even if their institutions do fail, Federal Deposit Insurance Corp Chairman Sheila C. Bair said on CNBC.
"Overwhelmingly banks are safe and sound in this country," Bair said in an interview. "It's a remove chance that your bank would fail, but even if it does if you're insured you're perfectly fine, you're perfectly safe."
Bair advised depositors to keep their accounts below the $100,000 limit that FDIC insurance covers.
"For the majority of depositors, the average depositor, what they should be focused on is to make sure they're below our insured deposit limit and not worry about all the market noise and other information, some it probably inaccurate, about which bank is healthy and which bank is not," she said.








