The Reversed Role of Chinese Deposit Insurance

While many nations have deposit Insurance and China will have theirs very soon, the quality and the confidence in different deposit insurance schemes vary.

Deposit Insurance: The Importance of Confidence

Cyprus’s banking crisis made me think of the FDIC sign in my local bank. Located right where I can see it, the reminder inspires confidence. Similarly, on an FDIC web site, they say at the top, “Since the FDIC’s creation in 1933,…

An Ice Cream Bank?

Should you deposit your money at your local ice cream parlor? Yes, according to a Pennsylvania businessman who has opened a bank in his ice cream shop. But he says his business idea is not really a bank. He does…