Ohio banks to merge, Alabama bank to purchase Georgia bank
North Valley Bancshares agrees to buy Commodore Financial Network in Ohio; Southern States Bancshares in Alabama to purchase CBB Bancorp.
Newsbytes
Rep. McHenry: Fed blundered policy response to bank failures
Federal Reserve regulators get “a failing grade” for their policy response to last year’s bank failures, House Financial Services Committee...
Growing number of lawmakers seek investigation of Navy Federal Credit Union
Two dozen House lawmakers called on federal regulators to investigate the nation’s largest credit union following reports of racial disparities...
ABA Data Bank: Immigration boom adds to labor force
According to the CBO, the projected size of the labor force will be larger by 1.7 million workers in 2024...
Consumer sentiment fell in February
The University of Michigan Consumer Sentiment Index decreased 2.7% in February compared to the month prior, landing at 76.9, according...
Construction spending decreases in January
Construction spending in January was at a seasonally adjusted annual rate of $2.1 trillion, 0.2% below the revised December estimate,...
ISM Manufacturing falls in February
U.S. manufacturing activity continued contracting for the 16th consecutive month in February, the Institute for Supply Management said.
Report: FOMC sees progress in inflation fight
At 5.25% to 5.5%, the target range for the federal funds rate has likely reached its peak in a cycle...
Mortgage rates mixed
The rate for a 30-year fixed-rate mortgage was 6.94% this week, up from last week when it averaged 6.9%.
FATF updates list of jurisdictions under increased monitoring
The Financial Action Task Force has updated its lists of jurisdictions with strategic anti-money laundering and countering of the financing...
