ABA Launches Grassroots Text Alerts

A new study of investor behavior during the 2023 bank runs found that news coverage was at least as important as underlying bank fundamentals in driving investor perceptions of bank risk.

Overall residential mobility has declined in response to reduced home affordability, with the share of the population moving each year declining to 11.8% in 2024, from 15.4% in 2010.

Economic activity in the services sector was unchanged in September. A Services PMI reading of 50% was at the breakeven point between expansion and contraction for the first time since January 2010.

While the percentage of U.S. consumers classified as financially unhealthy has remained stable, many also report working in a second job or side gig to stabilize their finances, according to a recent survey by J.D. Power.

As lawmakers consider deposit insurance reform, Senate Banking Committee Chairman Tim Scott (R-S.C.) is asking the FDIC to provide additional information about the amount of uninsured deposits in the U.S. banking system and the cost to banks should...

Banks have been using natural language processing and machine learning applications for years in managing their anti-money laundering and Bank Secrecy Act obligations. But how does the growing adoption of generative AI tools affect how BSA and fraud...