Browsing: ABA news

Economy

As the economy recovers from the effects of COVID-19, “financial institutions are in good shape” to continue providing credit to consumers and businesses, amid persistent uncertainty and rising inflation fears, American Bankers Association Chief Economist Sayee Srinivasan said today on a new episode of the Banking with Interest podcast, hosted by Rob Blackwell.

Newsbytes

ABA today announced that it has hired Sayee Srinivasan to be chief economist and head of research for the association. Srinivasan will manage ABA’s staff of economists, data scientists and analysts and will provide strategic direction for industry surveys and benchmarking studies.

Community Banking

The American Bankers Association added three banks to its Nasdaq Community Bank Index (ABAQ) today. The index now includes 301 community banks with a combined market cap of $309.8 billion.

Newsbytes

The American Bankers Association has been recognized by ASAE, the Center for Association Leadership, with a 2021 Gold Circle Award for its “Banks Step Up” video, which featured bank-submitted video and photos and highlighted the extraordinary efforts of banks of all sizes to support clients and communities during the COVID-19 pandemic.

Newsbytes

In an address during ABA’s Emerging Leaders Forum today, Rep. Young Kim (R-Calif.), one of the first Korean American women to serve in Congress, thanked the banking industry for its work getting funds to small businesses through the Paycheck Protection Program and urged attendees to engage with lawmakers and share how important banking is to communities.

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