Personal income increased 0.2%, or $50.5 billion, in August, the Commerce Department said. The personal savings rate—a percentage of disposable personal income—was 4.8%.
The Senate Appropriations Committee has released a draft spending bill that allocates $324 million for the CDFI Fund in fiscal year 2026, according to an analysis of the legislation by the CDFI Coalition.
More than 23 million Bank On-certified accounts were opened to date across 45 reporting institutions in 2024 — a 19% increase from the number of accounts reported in the previous year, according to a review of Bank On...
More than one in three bank executives and directors said that another financial institution expressed interest in acquiring their bank in 2024 or 2025, up from 27% who said the same a year earlier, according to a recent...
Small- and midsize-business owners are cautiously optimistic about the coming year, with 74% expecting revenue increases and nearly 60% planning to expand their businesses, according to a new survey by Bank of America.
The FDIC board voted to start indexing certain regulatory thresholds and to delay the compliance date for its revised requirements regarding the use of the agency’s name and logo.
Pending home sales rose 1.9% in October from the prior month, the National Association of Realtors said. Year over year, pending transactions were down 0.4%.
