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.
Pending home sales in December dropped 9.3% from the prior month and 3% year over year, according to the National Association of Realtors. There were 1.18 million homes on the market.
Artificial intelligence is “supercharging” the cybersecurity arms race, with cyber-enabled fraud affecting people of all stripes, according to a new Global Cybersecurity Outlook report by the World Economic Forum and professional services firm Accenture.
The FDIC should defer collection of the special assessment imposed on certain banks following the failures of Silicon Valley Bank and Signature Bank, which would give more time for litigation to play out regarding the recovery of losses...
President Trump signed an executive order directing federal agencies to cease activities that facilitate the sale of single-family homes to large institutional investors and to take possible legal action against those firms.
Bankers face challenges and opportunities in multiple key areas.
ABA offered several recommendations for how the IRS should implement a new tax benefit for lenders serving rural and agricultural communities, which was included in a tax package passed by Congress last year.
