Browsing: Newsbytes

Economy

The U.S. international trade deficit widened in July, rising 9.5 percent to $50.1 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Imports rose 0.9 percent, while exports fell 1.0 percent. June’s trade deficit was downwardly revised from $46.3 billion to $45.7 billion. The goods deficit increased 6.1 percent to

Newsbytes

The American Bankers Association has issued a new discussion paper on the Current Expected Credit Loss standard aimed at educating bank investors, board members and auditors on what to look for under the new standard and the challenges bankers will have in addressing common questions from these stakeholders. 

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