Newsbytes

Regulators Clear Living Wills for Regional, Card Banks

The FDIC and Federal Reserve announced today that they had reviewed resolution plans submitted in December 2015 by 16 regional and credit card banks and that none were found "not credible" or inadequate to facilitate an orderly resolution under the Bankruptcy Code.

Read More »

Durable Goods Orders Increased in February

New orders for manufactured durable goods increased 1.7% in February to $235.4 billion, following a 2.3% January increase, according to the U.S. Census Bureau. New orders excluding defense rose 2.1% on the month, as orders of nondefense capital goods increased 4.1% to $72.9 billion. Shipments of manufactured durable goods increased 0.3% to $239.2 billion. Inventories of manufactured durable goods rose ...

Read More »

Delinquent GSE Mortgages Fall to Lowest Level Since 2008

The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due or are in the foreclosure process fell in the fourth quarter of 2016 to the lowest level since 2008, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.

Read More »

OCC: Trading Revenue Jumps Year-on-Year

Commercial banks reported total trading revenue of $6 billion in the final quarter of 2016, down 6.8 percent from the third quarter but up 40 percent from the fourth quarter of 2015, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today.

Read More »

New Home Sales Increased in February

New single-family home sales rose to a seasonally adjusted annual rate of 592,000 in February, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The February level was 6.1% above the revised January rate of 558,000 and 12.8% above the February 2016 level. Sales rose in most regions, increasing 3.6% in the South, 30.9% in ...

Read More »

Hensarling: Choice Act to ‘Remove Bureaucrats from the Boardroom’

If passed, the Financial Choice Act will serve as a “deregulatory life preserver” for community banking institutions, said the bill’s architect, House Financial Services Committee Chairman Jeb Hensarling (R-Texas), in remarks at the American Bankers Association’s Government Relations Summit this morning.

Read More »