Amid record market close, ABA rings closing bell at Nasdaq
ABA marked the 20th anniversary of the ABA Nasdaq Community Bank Index (ABAQ) by ringing the closing bell at the Nasdaq MarketSite in New York City.
ABA marked the 20th anniversary of the ABA Nasdaq Community Bank Index (ABAQ) by ringing the closing bell at the Nasdaq MarketSite in New York City.
First quarter earnings reports are done, and bank shareholder meetings are currently going on, and rarely have these activities been in the public spotlight as now in the wake of three significant bank failures.
Friday’s episode of NPR’s Marketplace program featured an interview with ABA Chief Policy Officer Naomi Camper about ABA’s advocacy with the Securities and Exchange Commission regarding potentially manipulative short selling activity of certain banks’ stocks.
As the end of the year draws near, banking journalist and analyst Paul Davis joins the ABA Banking Journal Podcast to discuss the bank mergers and acquisitions outlook for 2023.
The focus on racial and ethnic diversity as opposed to gender diversity is accelerating across the board.
Public comments for the Securities and Exchange Commission’s sweeping climate risk disclosure proposal are due on June 17, with major implications for banks and their clients. ABA’s Mike Gullette and Joe Pigg dig into the details.
The crystal ball for 2021 might be statistically clear, but looking behind the numbers reveals competing pressures for and against continued industry consolidation.
First Independence Bank was founded 50 years ago to help rebuild Detroit’s economy in the wake of damaging urban violence. Today, in a new era of economic hardship due to the coronavirus pandemic, and protests and unrest in response to incidents of racial injustice, minority depository institutions continue to have a unique role in serving distressed communities.
Noting the growing risk of “sudden and disruptive unwinding” of lending relationships, the federal banking agencies today issued no-action relief under Regulation O for banks lending to investment fund-controlled companies under specific conditions.
While generally welcoming the Securities and Exchange Commission’s proposed updates to “Guide 3,” ABA urged the SEC to allow more time before adding disclosures specific to the Current Expected Credit Loss model.