Subramanian elected to lead BAFT board
BAFT, the ABA’s global transaction banking subsidiary, has elected Suresh Subramanian as chair of its board for the 2023-24 association year.
Browsing: ABA news
ABA, state groups: U.S. banking sector remains resilient
The U.S. banking system remains the deepest and most resilient in the world, ABA and 51 state bankers associations said in a letter to congressional leaders.
ABA backs bipartisan new markets tax credit extension bill
The American Bankers Association wrote to House and Senate Finance Committee leaders in support of the bipartisan New Markets Tax Credit Extension Act.
ABA report: Bank economists expect credit conditions to tighten
Bank economists expect credit conditions to weaken over the next six months as economic growth slows and interest rates trend higher, according to ABA’s latest Credit Conditions Index.
Nichols: Americans can be assured banking sector is strong
The important thing for Americans to know following the failures of Silicon Valley Bank and Signature Bank is that the overall banking sector is resilient, well-capitalized and has solid liquidity, ABA President and CEO Rob Nichols said during a wide-ranging interview for C-SPAN’s news program Washington Journal.
Arkansas Bankers Association partners with KBA to raise funds for storm victims
With help from the Kentucky Bankers Association, the Arkansas Bankers Association is raising funds to assist bank employees and others directly affected by recent tornadoes in the state.
ABA staff quoted in American Banker article on credit union acquisitions of banks
The American Bankers Association’s longstanding opposition to credit union acquisitions of taxpaying community banks was captured in a story in American Banker last week exploring the concerning trend.
ABA report: Farm bank lending increased to $103.1 billion in 2022
Agricultural lending by U.S. farm banks increased 8.1% in 2022 to $103.1 billion despite supply chain disruptions, volatility in commodity prices and geopolitical uncertainty, according to the ABA’s annual Farm Bank Performance Report released this week.
Nichols: Deposit insurance changes must not create competitive disadvantages
In a keynote address to bankers this morning at the 2023 ABA Washington Summit, ABA President and CEO Rob Nichols addressed the recent failures of Silicon Valley Bank and Signature Bank, urging the industry to remain calm and united in the face of what he called an “idiosyncratic liquidity disruption” at these institutions.
Nichols: Credit card rewards benefit all customers
A guest column in the New York Times claiming credit card points are being paid for by the poor is not supported by the evidence, American Bankers Association President and CEO Rob Nichols said in a recent letter to the editor appearing in the newspaper.