Personal income increased 0.8%, or $194.7 billion, in February, the Commerce Department said. The personal savings rate — a percentage of disposable personal income — was 4.6%. Meanwhile, personal consumption expenditures increased 0.4%, or $87.8 billion.
A bipartisan group of 14 senators has reintroduced legislation to require the FDIC to “claw back” bank executive pay following a large bank failure.
Bradford National Bank in Greenville, Illinois, has completed its acquisition of State Bank of St. Jacob in St. Jacob, Illinois.
ABA and Bank Policy Institute urged the National Institute for Standards and Technology to focus on developing voluntary and technology-neutral guidance for how businesses and other organizations can safely deploy agentic artificial intelligence.
U.S. adults overwhelmingly trust banks more than any other entity to protect them from fraud, according to a new survey conducted by Morning Consult on behalf of ABA.
In coming months, the FDIC will seek to clarify that payment stablecoins are not eligible for FDIC pass-through insurance, end restrictions preventing nonbanks from purchasing failed banks, and pursue several changes to its supervision programs, agency Chairman Travis...
As the OCC crafts regulation to implement the Genius Act, it is seeking input from bankers and others on what form that regulation should take, Comptroller Jonathan Gould said at the ABA Washington Summit.
