Commercial banks reported total trading revenue of $8.2 billion in the first quarter of 2018, up 62.8 percent from the fourth quarter of 2017 and 15 percent from the year before, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities today. The net current credit exposure increased 10.2 percent to $371.1 billion, the report said. The notional amount of derivatives banks held in the fourth quarter increased by 18.5 percent to $203 trillion.
In a move intended to reduce the cost of homeownership and eliminate unnecessary burden, HUD recently rescinded more than a dozen regulatory requirements in FHA's single-family mortgage insurance program.
The $2.7 billion-asset Investar will pay $83.6 million in cash and stock for the $1.6 billion-asset Wichita Falls. The deal is expected to close in the fourth quarter.
ABA, along with 52 banking trade associations, sent a letter urging leaders at the Federal Reserve, Office of the Comptroller of the Currency and the FDIC to prioritize the indexing of supervisory asset thresholds.
Senate Republicans narrowly passed the GOP’s One Big Beautiful Bill Act. The bill now heads back to the House for final approval. President Trump has indicated that he wants to sign it into law by July 4. The vote was 51-50,...
The House version of the tax package included a provision to restore HSA eligibility for working seniors enrolled in Medicare Part A. Early Senate drafts left it out, but after strong advocacy from consumer groups and healthcare stakeholders...
The association’s feedback identifies opportunities to more closely align underlying economics with accounting outcomes; opportunities to balance costs relative to benefits; and topic areas for which ABA does not believe a project should be added.
