ABA: Proposed fiduciary rule would do more harm than good
The Department of Labor’s proposed fiduciary rule is overbroad, overreaching and would likely harm the very people the agency seeks...
Newsbytes
FOMC keeps rate unchanged
The Federal Open Market Committee today announced that it would maintain the target range for the federal funds rate at...
Producer price index was unchanged in November
The Producer Price Index for final demand was unchanged in November on a seasonally adjusted basis, according to the U.S....
ABA urges Congress to overturn SEC cyber incident reporting rule
In a letter to Senate leaders, ABA expressed support for a Senate joint resolution expressing congressional disapproval of the SEC’s...
FOMC leaves rates unchanged, signals potential cuts
The Federal Open Market Committee announced that it would once again leave the federal fund rate unchanged at 5.25%-5.5% and...
FDIC’s McKernan suggests implementing Basel endgame in stages
FDIC board member Jonathan McKernan said that he is open to a phased-in approach to U.S. adoption of the Basel...
Basel committee proposes adjustments to standard on interest rate risk in the banking book
The Basel Committee on Banking Supervision is proposing targeted adjustments to its standard on interest rate risk in the banking...
The NFIB Small Business Optimism Index decreased 0.1 of a point in November to 90.6
A seasonally adjusted net 18% of business owners planned to create new jobs in the next three months, up 1...
CPI rose 0.1% in November
The Consumer Price Index increased 0.1% in November on a seasonally adjusted basis, after being unchanged in October, the U.S....
Gorham Savings, Maine Community announce merger
Gorham Savings Bank in Maine and Maine Community Bank in Biddeford, Maine, have agreed to merge.
