Research finds finance industry leads in corporate social responsibility

Under the recession scenario, the CET1 capital ratio declined by 1.8 percentage points in the aggregate. The Fed has proposed averaging results over multiple years to reduce volatility in calculating capital requirements.

Consumer spending rose 0.5% in the first quarter, down from 1.2% in an earlier estimate. Further, a 0.3% decrease in real PCE in May signals that consumer spending is continuing to trend downwards in Q2 2025.

The Fed, FDIC and OCC issued a joint request for comment on a proposal to modify certain regulatory capital standards for large banks. Comments are due Aug. 25.

Personal income decreased 0.4%, or $109.6 billion, in May, the Commerce Department said. The personal savings rate was 4.5%.

The University of Michigan Consumer Sentiment Index increased 16.3% in June compared to the month prior, landing at 60.7, according to final results for the month.

Stablecoins as a form of sound money fall short, and without regulation pose a risk to financial stability and monetary sovereignty, according to a recent report by the Bank for International Settlements.