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.
The CFPB's focus too often has been on increasing its authority rather than on instituting checks and balances to ensure that authority is used for the benefit of consumers and consistent with law, ABA in a statement to...
The FDIC is drafting rulemaking to remove reputational risk from its bank supervision, several media outlets reported. The move follows similar action by the OCC last week.
BankFirst in Columbus, Mississippi, has agreed to buy Magnolia State Corp. in Bay Springs, Mississippi.
The Consumer Confidence Index was 92.9 in March, down 7.2 points from the previous month, the Conference Board said.
Home prices increased 4.1% in January compared to the same month a year ago, up from a 4% rise the previous month, according to the S&P CoreLogic Case-Shiller Index.
Credit conditions are expected to weaken modestly over the next six months as businesses and consumers adopt a more cautious outlook amid heightened uncertainty, according to ABA’s latest Credit Conditions Index.
