Proposed bank acquisitions announced in Illinois, Kansas

Overall, generative AI adoption remains widely uneven across the workforce.

In a new letter to the Financial Accounting Standards Board related to implementation issues of the Current Expected Credit Loss accounting standard, ABA emphasized that “a consistent message has emerged: for community banks, CECL costs far outweigh its...

Federal Home Loan Bank members should be allowed to use short-term FHLB letters of credit to secure advances through the Federal Reserve’s discount window, the Council of FHLBs suggested in a recent letter to FHFA Director Bill Pulte.

Industrial production dropped 0.5% in March from the previous month, the Federal Reserve reported. The March figure was up 2.4% from a year prior.

The rate for a 30-year fixed-rate mortgage was 6.3% this week. The rate for a 15-year fixed-rate mortgage was 5.65%.

A recent study of more than 150 years of U.S. bank data has concluded that weak fundamentals are the primary driver of bank failures, and that strong banks usually survive runs.