Browsing: Economy

Economy

In a comment letter to the federal regulatory agencies last week, ABA expressed concerns over the wholesale adoption of the Basel Committee’s revised standardized approach to credit risk, which would apply to large, internationally active banking organizations.

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index held steady at 58 points in March, unchanged from February’s reading. “While builder sentiment has been relatively flat for the last few months, the March HMI reading correlates with NAHB’s forecast of a steady firming of the single-family sector in 2016,” said NAHB Chief Economist

Economy

There were $447.3 billion of retail and food service sales in February (after adjustment for seasonal variation and holiday and trading-day differences, but not for price changes), down 0.1 percent from January, but up 3.1 percent from a year ago, according to the U.S. Census Bureau. Core retail sales – excluding automobiles and parts –

Economy

Producer prices fell 0.2 percent in February, seasonally adjusted, after advancing 0.1 percent in January, according to the U.S. Bureau of Labor Statistics. February’s decrease was attributable to a fall in prices for final demand goods. Prices for final demand goods fell 0.6 percent, marking the third consecutive month of decline. The majority of the

Economy

Household net worth rose $1.6 trillion during the fourth quarter of 2015 to $86.8 trillion, a 1.9 percent increase from the previous quarter and a 3.1 percent increase from a year ago. Household holdings of nonfinancial assets increased during the fourth quarter, growing 1.7 percent. The majority of this increase came from real estate holdings,

Economy

The NFIB Small Business Optimism Index fell 1 point to 92.9 in February. Six of the ten components posted declines on the month, while four components were unchanged. Labor market conditions weakened in February, as 49 percent of small businesses reported hiring or trying to hire, down from 52 percent in January. Forty-two percent of

Community Banking

In an op-ed in the Orlando Sentinel this weekend, Florida Bankers Association president and CEO Alex Sanchez called on political candidates to work for bipartisan regulatory relief that would build up regional and small banks, rather than focusing on the destruction of large institutions they consider “too big to fail.”

Economy

Consumer Credit increased at a seasonally adjusted annual rate of 3.6 percent in January, rising $10.5 billion (compared to $6.4 billion in December) to $3.54 trillion. Revolving credit fell at an annual rate of 1.4 percent ($1.1 billion) to $935.3 billion, marking the first decline in revolving credit since February of 2015. Non-revolving credit increased

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