Personal income increased 0.5%, or $114.1 billion, in May, the Commerce Department said today. The personal savings rate—a percentage of disposable personal income—was 3.9%. Meanwhile, personal consumption expenditures increased 0.2%, or $47.8 billion.
Bank deposits deliver different — and more — value than stablecoins do. Comparing them on only one dimension obscures the picture.
The 15-year fixed-rate mortgage also declined, to 6.68% from 6.71% last week, compared with 5.44% one year ago.
The convention will open with remarks from ABA President and CEO Rob Nichols, who will outline the association’s priorities for the year ahead and look ahead to the midterm election
The Treasury Department announced that the Financial Crimes Enforcement Network is investigating a Greek bank for alleged ties to Iran.
Every $1 of fraud now costs U.S. financial services firms $5.47, up from $4 in 2021, according to new research by LexisNexis. At the same time, a separate study by PYMNTS.com found that U.S. financial institutions now spend...
The Cybersecurity and Infrastructure Security Agency is urging organizations to immediately patch two critical vulnerabilities found in a programming language used by many websites.
