Three Banks Added to ABAQ Index

The House passed legislation to fund the federal government through early December and temporarily extend several programs, including the National Flood Insurance Program. The bill now heads to President Trump’s desk.

The ABA economists believe the expansion points to the sector’s continued resilience despite rising input costs. Strong manufacturing business activity will continue to support C&I loan demand.

While two FDIC proposals to revise deposit insurance assessments and resolution planning are a step in the right direction, the agency could go further to achieve its stated goals, ABA said.

With the rise of frontier artificial intelligence models, financial institutions and third-party technology providers should prepare for a cyber threat environment marked by more vulnerabilities and faster software patching, Financial Stability Board Chair George Bailey said.

Banks have opened more than 1,000 new branches annually over the last three years. This new branching boom presents a great brand and marketing opportunity.

The University of Michigan Consumer Sentiment Index decreased 6.2% in August compared to the month prior, landing at 51.7, according to final results for the month. Sentiment was down 11.2% year over year.