Who’s at risk when banks fail?

  • Share
  • Read Later

Small businesses, apparently. I happened to be reading a summary of the National Small Business Association’s Mid-Year Economic report and came across this:

Included in the report, 68 percent of small-business owners report that FDIC insurance is not adequate enough to insure their business accounts, and nearly two-thirds have already or are considering taking action such as spreading deposits across multiple institutions to reduce their financial risk.

Probably a good time to go ahead and do that.