Commercial banks reported total trading revenue of $5 billion in the final quarter of 2017, down 21.2 percent from the third quarter and 16.1 percent from the year before, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities. The net current credit exposure fell by 3.2 percent to $337.1 billion, the report said. The notional amount of derivatives banks held in the fourth quarter fell by 8.7 percent to $172 trillion.
“Recent mortgage rate stability continues to benefit potential buyers this spring, as reflected in the uptick in purchase applications,” said Freddie Mac’s chief economist.
“In the years since 2008, bank regulators have at times tried to eliminate rather than manage risk, frustrating the ability of banks to fulfill their function,” Gould said.
Real GDP grew at an annual rate of 2.4% in the fourth quarter of 2024, according to the “third” estimate released by the Bureau of Economic Analysis. Real GDP increased 3.1% in the third quarter of 2024. The...
Study authors said the results may seem “counterintuitive” given the current “uncertain economic environment,” however, the improvement is the result of banks’ efforts to build “more personalized, engaged relationships” that help customers to better manage their finances.
A new national survey conducted by Morning Consult on behalf of ABA shows that consumers value and understand existing overdraft services offered by financial institutions.
Sen. Ted Cruz (R-Texas) announced he has introduced legislation to block the Federal Reserve from issuing a central bank digital currency.
