Be Well: Keeping an Eye on Your Own Finances Amid Bank Collapses
With Americans watching multiple banks collapse this year, there are growing concerns about their own accounts and whether or not they can trust financial institutions. Marty Cantor, CPA and economic development consultant, joined Cheddar News to break down why some banks are struggling and what certain income earners should considering doing with their own finances. "If you have less than $250,000 in your own name in any bank, or $500,000, if you have joint tendency, you're going to be ok because the FDIC will protect it. The credit unions have a national association of credit unions that provide the same coverage. But if you're over $250,000, an individual depositor, you ought to take a hard look and maybe move some money to another bank," he said.
Child welfare advocates filed a federal lawsuit Tuesday asking a judge to force the Biden administration to block imports of cocoa harvested by children in West Africa that can end up in America's most popular chocolate desserts and candies.
A woman who fractured her left ankle during a trip with her husband to the Italian food emporium Eataly in Boston last year is blaming her injury on a piece of ham.
