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.
Maureen Carollo, SVP and director of compliance for Great Plains National Bank, received the Distinguished Service Award for compliance during the American Bankers Association’s Regulatory Compliance Virtual Conference today.
The ABA Stonier Graduate School of Banking recognized 178 graduates on Friday, awarding Stonier diplomas and Wharton leadership certificates.
Top economists from the largest U.S. banks anticipate a sustained rebound in consumer and business credit market conditions over the next six months, according to ABA’s Credit Conditions Outlook released today.
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.
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.
An estimated 124.2 million households were considered “banked” in 2019, with at least one member having a checking or savings account, according to FDIC figures that were highlighted in a new report from the American Bankers Association today on access to the banking system.
Credit card monthly purchase volumes increased in the fourth quarter of 2020, rising 7% for super prime accounts, 8.6% for prime accounts and 8% for subprime accounts from the last quarter, according to the American Bankers Association’s latest Credit Card Market Monitor released today.
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.
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.