Fed Issues Large Bank Capital Requirements

New orders of manufactured goods decreased $2.8 billion, or 0.5%, from the prior month to $584.2 billion in September, the Commerce Department said.

The CDFI Fund and FHFA announced the establishment of a working group to increase capital for affordable housing needs from the Federal Home Loan Banks.

ABA is urging banks that consider themselves to be federal contractors to consider submitting an objection by the Dec. 9 deadline.

Halloween spending was projected to be a little scary this year at $11.6 billion, according to the National Retail Federation. In real terms, this is not as sweet as last year, down 7.2%, with children of all sizes...

The percentage of synthetic identities among accounts opened by U.S. lenders for auto loans, bank credit cards, retail credit cards and unsecured personal loans reached an all-time high at the end of the first half of 2024, the...

Construction spending in September was at a seasonally adjusted annual rate of $2.15 trillion, 0.1% above the revised August estimate, the Commerce Department said. The September figure was 4.6% above the estimate from a year before.