Nichols Comments on Political, Cyber Risks Facing Banks
Speaking on a virtual panel at FT Live's Global Banking Summit Wednesday, ABA President and CEO Rob Nichols addressed top...
Newsbytes
ABA, Trade Groups Urge Senate to Include Cannabis Banking Bill in NDAA
The American Bankers Association joined a broad coalition of industry trade groups in a letter to Senate leadership, members of...
Refinitiv Publishes USD IBOR Fallback Rates
Refinitiv, the Alternate Reference Committee’s chosen provider to publish fallback rates for cash products based on the Secured Overnight Financing...
FDIC: Bank Profits Up in Third Quarter as Capital, Liquidity Levels Remain Strong
FDIC-insured banks and savings institutions earned $69.5 billion in the third quarter of 2021, a 35.9% increase from a year...
Powell: Banking System Strong, Cyber Risk Remains a Threat
Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today that “the banking system is strong,” and...
Court Stay of Vaccine Mandate Expected to Remain in Place Through Dec. 10
The Fifth Circuit Court of Appeals' stay of the Occupational Safety and Health Administration’s vaccine mandate is expected to remain...
Cleveland Fed: PPP Loans Helped Mitigate Effects of Recession
Paycheck Protection Program lending helped to soften the effects of the pandemic-related recession on state-level employment growth, and had “significant”...
FOMC: Higher Inflation Could Last Longer than Anticipated
Federal Open Market Committee members said that they see the current elevated level of inflation as transitory but that it...
Small Business Credit Card Satisfaction Surges
Small business credit card customer satisfaction surged 12 points from last year (rising to 852 on a 1,000-point scale) as...
Fed: Banking System Conditions Improved in 2021 as Banks Remain Strong
The financial condition of the banking system remained strong and improved during the first half of 2021, despite some lingering...
