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Well, thanks for clarifying, TIL that "(...) since 1933, no one has lost money due to a bank failure (...)" in US, according to FDIC. I wonder how this situati
by mirekrusin 4y ago
Well, thanks for clarifying, TIL that "(...) since 1933, no one has lost money due to a bank failure (...)" in US, according to FDIC.
I wonder how this situation looks outside of US in more distressed economies ie. Argentina.
- emondi 4y agoWe had foreign banks who advertised that as a strength and sent their profits to their countries. But when there was a crisis they said we are just a local bank with the same brand as a US bank and won't give the customers their savings back.