Weekly Infobyte: How Objective Is Your Risk Rating System?

The Financial Accounting Standards Board voted to eliminate the CECL "double count" that is often recorded in bank mergers and acquisitions.

The non-farm private sector gained 62,000 jobs in April and annual pay was up 4.5% Year-over-Year, according to the ADP National Employment Report.

Personal income rose 0.5% or $116.8 billion in March, the Commerce Department said. The personal savings rate was 3.9%.

Pending home sales increased 6.1% in March from the prior month, the National Association of Realtors said.

Real gross domestic product decreased at an annual rate of 0.3% in the first quarter of 2025, according to the Commerce Department’s first estimate.

House Republicans accused regulators of failing to appropriately tailor regulation to bank size and risk while Democrats said the Trump administration has sought to overturn regulatory reforms put in place to prevent a repeat of the 2008 financial...