Banking


The FDIC added a tool to its Web site that allows depositors at failed institutions to determine coverage on their deposits. The tool is available to depositors of insured institutions that fail after July 1, 2008. The first depositors to use the tool were from IndyMac Bank, the $32 billion institution that failed in July. Through Aug. 25, four banks had been added: First Heritage Bank of Newport Beach, Calif., First National Bank of Reno, Nev., First Priority Bank of Bradenton, Fla., and The Columbian Bank and Trust of Topeka, Kan.

The tool is at www2.fdic.gov/dip/index.asp. The FDIC says the tool is available to depositors no later than the first business day after a failure.

FEATURE

Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.