The University of Michigan Consumer Sentiment Index increased 1.6% in September compared to the month prior, landing at 69, according to preliminary results for the month. The September figure was up 1.8% from a year ago. The current conditions component of the index rose 2.6% from the month prior, landing at 62.9, while the consumer expectations index rose 1.2% to 73.
FDIC, OCC tighten policy considerations for bank merger applications
The FDIC and OCC issued new policies that expand the factors both will take into consideration when reviewing bank merger applications, with the OCC eliminating its expedited review process and the use of streamlined applications.