The ISM services index decreased 1.2% from the prior month to land at 52.8% in January, the Institute for Supply Management said today. Readings over 50% indicate expansion. Fourteen industries tracked reported growth while three others reported decreases.
The largest operator of Bitcoin kiosks in the U.S. is shutting down amid increased regulatory scrutiny of the role of “crypto ATMs” in facilitating scams, according to news reports.
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...
