3 ms·
Does the FDIC cover any other country's banks than the US?
by nexuist 6y ago
Does the FDIC cover any other country's banks than the US?
- arthurcolle 6y agoUsually "foreign" banks can mean multiple things. Imagine you have a bank out of the UK with a subsidiary based in the US (one example could be Barclays in the UK and then Barclays US). The US based subsidiary could potentially be FDIC insured, but wouldn't cover deposits denominated in the originating foreign bank's deposit, which is logical IMO. The FDIC has a page about this but it's pretty useless. https://www.fdic.gov/regulations/laws/part/ https://www.fdic.gov/regulations/laws/part/