Foreign banks taking retail deposits in the U.S.can qualify for federal deposit insurance.

Question

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According to the Federal Deposit Insurance Corporation (FDIC), foreign banks that meet certain criteria can qualify for federal deposit insurance in the U.S. This includes having a branch or agency in the U.S., being subject to U.S. regulatory oversight, and having deposits in the U.S. insured by a comparable foreign deposit insurance system.

Foreign Banks Taking Retail Deposits in the U