The federal banking regulators today issued long-expected guidance on the methodology banks can use to deduct investments from tier 1 capital under the Volcker Rule and the Basel III regulatory capital rule. Noting that the deduction of investments in certain Volcker-covered funds could overlap with that under the regulatory capital rule, the agency guidance is intended to clarify the interaction of the two and provide a deduction methodology that will avoid double deductions.
The University of Michigan Consumer Sentiment Index decreased 8.4% in April compared to the month prior, landing at 52.2, according to final results for the month.
Consumer sentiment fell 4.8 points in April to 52.2, down 25.0 points from one year ago, according to final results of the University of Michigan Surveys of Consumers. The Current Economic Conditions Index decreased 4.0 points from the...
The Federal Reserve and FDIC rescinded two joint statements issued under the Biden administration on the risk management obligations of financial institutions should they offer crypto-related services.
The rate for a 30-year fixed-rate mortgage was 6.81% this week. The rate for a 15-year fixed-rate mortgage was 5.94%.
In a video message, Treasury Secretary Scott Bessent told students across the U.S. that their participation in Teach Children to Save Day represents their first step toward wise money management.
More than one in three Americans are not confident they have enough savings to cover unexpected bills, according to a new survey by TD Bank.
