Construction spending in August was at a seasonally adjusted annual rate of $2.1 trillion, 0.1% below the revised July estimate, the Commerce Department said today. The August figure was 4.1% above the estimate from a year before.
Proposed acquisitions announced to banks in Nebraska, Florida and Illinois. Two New England mutual banks announce holding company merger.
ABA economists believe this month's data reflects resiliency despite the effect of higher interest rates. Continued growth suggests mortgage demand will remain steady in the near term, though higher energy prices and interest rates threaten long-term momentum.
Aliese Rosado, SVP and retail market manager at Meridian Bank in Malvern, Pennsylvania, has been named the winner of this year’s ABA Stonier Scholarship.
ABA and four associations offered several recommendations for proposed FDIC rulemaking to establish a process by which subsidiaries of institutions regulated by the agency can apply to become stablecoin issuers, as allowed under the Genius Act.
Federal regulators are proposing to make several changes to the CAMELS rating system to emphasize material financial risks over concerns related to policies, procedures and documentation, which they say would better reflect the issues most likely to affect...
President Trump will host a swearing-in ceremony on Friday for incoming Federal Reserve Chairman Kevin Warsh, according to a news report. Jerome Powell is currently serving as chair pro tempore.
