Recession Risk: What’s the Role of the Risk Committee?
The essential question for any board risk committee can be boiled down to two words: What if? And these days,...
Economy
FOMC Announces Second Rate Cut of 2019
The Federal Open Market Committee announced today that it would cut interest rates for the second time this year.
Consumer Credit Growth Robust in July Despite Slowing Economic Outlook
Consumer credit grew in July at its strongest pace in a full year.
Preliminary Analysis of 2018 HMDA Data and ABA Policy Recommendations
Banks want to expand safe and sound lending across the board and remain committed to enhancing the availability of credit...
ABA Data Bank: Consumers’ Positive Opinion of Banking Industry Reaches 12-Year High
In a recent Gallup poll, 50% of consumers rated the banking industry positively, and 16% rated it very positively, the...
FDIC: Bank Earnings Grow 4.1% Year-on-Year
FDIC-insured banks and savings institutions earned $62.6 billion in the second quarter, a 4.1% increase from the industry’s earnings a...
Manufacturing Sector Contracts in August
The ISM Manufacturing Index registered 49.1 points in August, down 2.1 percentage points from the previous month, according to the...
2018 HMDA Data Show Slight Increase in Home Purchase Loans
The Federal Financial Institutions Examination Council today released the 2018 Home Mortgage Disclosure Act data on mortgage lending transactions at...
Consumer Confidence Declines in August
The Conference Board Consumer Confidence Index declined 0.7 points to 135.1 in August. The Present Situation Index increased by 6.3...
Fed’s Powell Highlights Global Slowdown, Trade Worries as Key Risks
The Federal Reserve’s conduct of monetary policy is complicated by uncertainty over trade policy, in particular recent news about U.S.-Chinese...
