Business inventories in June came in at $2.66 trillion, up 0.2% from the month prior and up 1.6% from a year ago, the Commerce Department said. Trade sales and manufacturers’ shipments were $1.92 trillion, up 0.5% from the month prior and up 3.8% from a year ago.
FinCEN issued an alert to help financial institutions identify and stop funding streams and procurement networks supporting Iran’s Islamic Revolutionary Guard Corps.
ABA and the Kentucky Bankers Association have released a new ad highlighting Rep. Andy Barr’s (R-Ky.) support of legislation to strengthen the economy and encouraging him to continue his efforts.
FinCEN has updated and reissued its FAQs regarding bank customer due diligence requirements to account for a recent order that eased beneficial ownership reporting requirements.
In a Sunday letter to bank CEOs, ABA President and CEO Rob Nichols urged bank leaders across the country to join an industry-wide effort to convince senators to improve digital asset market structure legislation before a key committee...
ABA and a coalition of financial trade associations asked the Senate Banking Committee to refine the proposed payment stablecoin yield language in the Clarity Act, which prohibits crypto platforms from paying interest or yield to bank deposits on...
Despite reporting that the banking sector remains sound overall, the Fed said that more respondents in recent outreach noted risks associated with geopolitical tensions, oil prices and AI.
