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WEKU
WEKU
Alina Selyukh

REVEALED: 5 ways the banking turmoil could affect you | Rare Historical Photos

Why should you care about the knotty problems of the banking world? Below are a few possible consequences to watch. (Patrick T. Fallon/AFP via Getty Images)

The news about bank collapses and emergency rescues can seem both alarming and distant.

Maybe you wondered: is my bank account safe? If it's under $250,000, your money is fully insured by federal authorities under all circumstances.

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