Browsing: Community Banking

Community Banking

ABA President and CEO Frank Keating yesterday expressed the association’s strong opposition to efforts by the Credit Union National Association to ease further the already-loose field of membership requirements that ensure credit unions remain dedicated to serving people with meaningful common bonds.

Community Banking

ABA President and CEO Frank Keating discussed the challenges community banks are facing in serving their customers’ needs in an appearance on Bloomberg TV’s “Bloomberg Surveillance” this morning — and he emphasized the indispensable role banks play in meeting the credit needs of their hometowns.

Community Banking

FDIC-insured banks and savings institutions earned $39.8 billion in the first quarter, up 6.9 percent from the industry’s earnings a year before, the FDIC said today. Earnings improved as net operating revenue increased, driven by 4.6 percent growth in noninterest income — in particular trading revenue and noninterest income from single-family mortgages — and a 1.5 percent increase in net interest income.

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