The F.D.I.C. and other entities will protect most people’s bank and brokerage balances. But it’s as good a time as any for consumers to create other backstops.
Category: Securities Investor Protection Corp
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Ralph DeNunzio, Wall Street Chieftain, Is Dead at 90
He was chairman of the New York Stock Exchange and rose to lead the venerable securities firm Kidder, Peabody, but stepped down after it was caught up in a 1980s insider-trading scandal.