The University of Michigan Consumer Sentiment Index decreased 5% in August compared to the month prior, landing at 58.6, according to preliminary results for the month. The August figure was down 13.7% from a year ago. The current conditions component of the index fell 10.4% from the month prior, landing at 60.9, while the consumer expectations index fell 0.9% to 57.2.
FDIC posts sample docs to provide clarity into marketing, sale process of failing banks
Eleven new sample documents were released, covering franchise sales and loan pools, including purchase and assumption agreements, confidentiality agreements and financing terms.










