The University of Michigan Consumer Sentiment Index decreased 5.3% in September compared to the month prior, landing at 55.1, according to final results for the month. The September figure was down 21.4% from a year ago. The current conditions component of the index fell 2.1% from the month prior, landing at 60.4, while the consumer expectations index decreased 7.5% to 51.7.
Senators reintroduce bill to ‘claw back’ bank executive pay
A bipartisan group of 14 senators has reintroduced legislation to require the FDIC to “claw back” bank executive pay following a large bank failure.










