Category: Payday Loans Local

After insolvency together with significance of deposit insurance coverage

After insolvency together with significance of deposit insurance coverage

For a bank, being insolvent means it cannot repay its depositors, because its liabilities are higher than its assets. The result that a bank has if it becomes insolvent is dependent upon the option of deposit insurance coverage.

An insolvent bank would not be able to repay people deposits in full in a country without deposit insurance.

read more