Community Banking

FDIC: Noninterest Income Drives Rebound in Bank Earnings

FDIC-insured banks and savings institutions earned $39.8 billion in the first quarter, up 6.9 percent from the industry’s earnings a year before, the FDIC said today. Earnings improved as net operating revenue increased, driven by 4.6 percent growth in noninterest income -- in particular trading revenue and noninterest income from single-family mortgages -- and a 1.5 percent increase in net interest income.

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ABA Expresses Support for Shelby Reg Reform Bill

ABA’s officers today expressed its support for the financial regulatory reform proposal offered by Senate Banking Committee Chairman Richard Shelby (R-Ala.). The bill, which incorporates several elements of ABA’s Agenda for America’s Hometown Banks, is set to be considered by the committee on Thursday.

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Senate Democrats Unveil Competing Regulatory Relief Bill

Democratic members of the Senate Banking Committee today released a much narrower regulatory relief bill offered as an alternative to the sweeping bill by committee Chairman Richard Shelby (R-Ala.). Shelby’s bill is set to be considered by the committee on Thursday.

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Gruenberg Sees Declines in FDIC D&O Claims

Professional liability claims by the FDIC against bank directors and officers peaked in 2013 and are expected to decline further, FDIC Chairman Martin Gruenberg told a conference of bank directors today.

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Shelby’s Sweeping Financial Reform Bill Would Advance ABA Goals

Senate Banking Committee Chairman Richard Shelby (R-Ala.) today released a draft of a sweeping financial reform bill that would provide regulatory relief for banks of all sizes, tailor the regulatory structure for systemically important banks and begin restructuring within the Federal Reserve System and at Fannie Mae and Freddie Mac.

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