Housing starts increased in October
Housing starts increased to a seasonally adjusted annual rate of 1.372 million in October, according…
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FDIC issues final special assessment to recover Deposit Insurance Fund losses
The FDIC approved a final special assessment to recover the hit to the Deposit Insurance Fund resulting from the agency’s decision to protect uninsured depositors following the Silicon Valley Bank and Signature Bank failures
Bank CEOs say industry remains strong as economy slows
The U.S. banking industry remains solid despite higher interest rates and the fallout from the bank failures earlier this year, but the wider economy is slowing, the CEOs of four banks said during a panel discussion at The Clearing House Annual Conference in New York City.
Shoppers plan to budget, but still overspend this holiday season
Seventy percent of survey respondents plan to budget before December. Despite that, however, nearly all shoppers expect to overspend on gifts this holiday season.
Home builder confidence falls in November
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) declined 6 points…
Industrial production declined 0.6% in October
Industrial production declined 0.6% in October, according to the Federal Reserve. September’s reading was revised…
Fed’s Barr: Contingency funding planning important to bank resiliency
Part of bank resiliency is the importance of contingency funding planning and preparedness, Barr said.
Former OCC head: Bank regulators should return to focusing on core issues
Banking supervisors need to focus on the “big issues” of safety and soundness and get away from trying to manage banks, former Comptroller of the Currency Eugene Ludwig said.
FHFA issues 2023 performance, accountability report
The report provides the FHFA’s financial statements and analysis, and details the agency’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac.
ABA, trade groups: CFPB has no authority to enact rule limiting arbitration
According to the organizations, the bureau lacks the statutory authority to enact such a rule, and it would violate at least four congressional mandates.