Retail Sales Up 0.3 Percent in January

News items that are the most recent sanctions-related actions from the Office of Foreign Assets Control.

Georgia regulators closed Community Bank and Trust - West Georgia in LaGrange, Georgia, and appointed the FDIC as receiver. Anchor Bank of Palm Beach Gardens, Florida, agreed to assume substantially all insured deposits and acquire certain assets of...

ABA and 52 state bankers associations submitted a comment letter to the OCC urging the agency to strengthen its proposed rule implementing the Genius Act to ensure a meaningful and enforceable prohibition on interest and yield payments tied...

Economic activity in the manufacturing sector expanded in April for the fourth consecutive month, according to the Institute for Supply Management. The Manufacturing PMI registered 52.7% in April, unchanged from March.

The rapid evolution of artificial intelligence technologies reinforces the need for regulators to adopt adaptable supervisory guidance and expectations, Federal Reserve Vice Chair for Supervision Michelle Bowman said.

ABA filed a coalition amicus brief urging the Florida Fourth District Court of Appeals to reverse a Florida trial court ruling that imposed a roughly $1.3 billion judgment on Wells Fargo for allegedly mismanaging the Seminole Tribe of...