The vast majority of banks in this country are safe and sound, says the American Bankers Association. The majority of the banks on the FDIC’s ‘troubled bank’ list will eventually work their way off the list. The banking industry is diversified with more than 8,500 banks that have been in business for decades. The ABA launched a nationwide ad campaign this week created to differentiate FDIC-insured banks from Wall Street institutions. The media coverage of recent investment bank failures, buyouts, bankruptcies and conversions has muddled the difference between.”]
Source: https://www.cuinfosecurity.com/economy-in-crisis-3-tips-for-easing-customer-employee-concerns-a-984