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Question by Armond B: when a bank fails what happens to its investments side?
I have investments by way of a broker at a major bank. But it looks like that bank will be taken over by FDIC. I have stocks, bonds, mutual funds, and an annuity. is my funds safe? What would I do to get the money back if it does fail? If i am covered. how significantly coverage do i have? and whats SPIC? does it cover the banks investment side?
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