OCC: Trading Revenue Plummets in Fourth Quarter

Commercial banks reported total trading revenue of $5 billion in the final quarter of 2017, down 21.2 percent from the third quarter and 16.1 percent from the year before, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities.

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New Home Sales Slow in February

New single-family home sales decreased to a seasonally adjusted annual rate of 618,000 in February, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The February level was 0.6% below the upwardly revised January rate of 622,000 and 0.5% below the February 2017 estimate. Sales declined in two of the four regions, led by the ...

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Durable Goods Orders Rose 3.1% in February

New orders for manufactured durable goods increased 3.1% in February to $247.7 billion, following a 3.5% January decline, according to the U.S. Census Bureau. Transportation equipment drove the increase, growing 7.1% to $83.5 billion over the month. New orders excluding defense increased 2.5% on the month, while orders of nondefense capital goods gained 4.5% to $77.4 billion. Shipments of manufactured ...

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