The FDIC board adopted a 2026 operating budget that slashes the agency’s staffing levels by nearly 20%, voted to lower the special assessment charged to certain banks to recover losses associated with the protection of uninsured depositors following...
ABA urged House lawmakers to advance several bills on a host of issues, from National Flood Insurance Program reauthorization to supporting de novo bank formation.
Total nonfarm payroll employment increased (+64,000) and has shown little change since April, the U.S. Bureau of Labor Statistics reported. The unemployment rate, at 4.6%, edged up from September’s rate of 4.4%.
Homebuilder confidence in the market for newly built single-family homes rose one point to 39 in December, according to the NAHB/Wells Fargo Housing Market Index.
There were $732.6 billion in retail and food service sales, virtually unchanged from the previous month, and up 3.5% from October 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes according to...
The FDIC proposed rulemaking to establish a process under which banks and savings institutions can seek agency approval to issue stablecoins through a subsidiary, as allowed by the GENIUS Act passed by Congress earlier this year.
