Browsing: Newsbytes

Economy

The 20-City Case-Schiller Composite gained 4.9 percent year-over-year in April, slightly lower than March’s gain of 5 percent. The 10-City Composite gained 4.6 percent in April from the previous year, down from the 4.7 percent year-over-year gain in March.

Newsbytes

The discussion about the migration to faster payments used to feel like people talking about the weather. Everyone complained about it but no one ever did anything.

Newsbytes

Commercial banks reported total trading revenue of $7.7 billion in the first quarter of 2015, 72 percent higher than in the fourth quarter of 2014 and 24 percent higher than a year prior, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today.

Mortgage

Fannie Mae’s and Freddie Mac’s combined first-quarter earnings were $2.4 billion, up from the $1.5 billion they earned in the fourth quarter of 2014 but down substantially from the $9.3 billion they earned a year before, the Federal Housing Finance Agency reported today.

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