BAFT Comments on Proposed Revisions to AML/CFT Guidance

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.

Indexing asset thresholds to account for inflation is a no-brainer — but how to index matters. Indexing to a bank’s share of industry assets provides the most value with the least distortion.