Given recent turmoil at a few banks, some consumers are asking, "What about my money? Is it safe?"

A regulatory takeover of a New York-based bank was intended to send a message to banks to stay away from the cryptocurrency business.

FILE - In this June 16, 2020, file photo, a sign for a Wall Street building is shown in New York. Total bank profits across 5,066 insured institutions were $18.8 billion, compared with profits of $62.5 billion in the same period a year ago. Bank profits were bolstered slightly by the Paycheck Protection Program, the $480 billion stimulus program for small businesses who needed help covering payroll in the first months of the pandemic. That program came in the form of bank loans, and each bank took a small fee for each application they processed. Banks have taken in record deposits in the quarter a sign of consumer confidence in the bank industry and the FDICs troubled bank list remains unchanged from last quarter.