Commercial banks reported total trading revenue of $6.4 billion in the third quarter of 2017, down 3.6 percent from the second quarter and 0.6 percent from a year ago, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released yesterday.
The net current credit exposure was down $21.1 billion, or 5.7 percent, in the third quarter, the report said. The notional amount of derivatives banks held increased by 1.5 percent to $188.3 trillion.
Real gross domestic product (GDP) increased at an annual rate of 3.0% in the second quarter of 2025, according to the advanced estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased...
The Treasury Department should conduct a study of the $2.37 trillion credit union system to determine whether its current activities align with its longstanding tax-exempt status, 52 state bankers associations said in a joint letter to the department.
ABA and five financial sector associations this week reiterated their longstanding concerns about the Federal Reserve’s Debit Card Issuer Survey, saying that policy based on the limited information gathered from the survey has had adverse effects on the...
Did you know the Fed’s quantitative tightening is not the same as quantitative easing in reverse?
The Senate Banking Committee unanimously voted to advance bipartisan legislation to boost housing supply. ABA submitted comments in support of several provisions in the bill.
Proposed acquisitions announced of banks in Georgia, Massachusetts, South Dakota and Texas.
