Guidance was issued this week on a program that provides tax credits for solar and wind projects in low-income communities. The Low-Income Communities Bonus Credit Program, created by the Inflation...
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In its latest economic forecast, the American Bankers Association’s Economic Advisory Committee said the United States is on the path toward a soft landing. The committee, composed of 16 chief ec...
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The trading revenue from U.S. commercial banks and savings associations totaled $11.6 billion in the fourth quarter of 2023, according to the Office of the Comptroller of the Currency (OCC). The O...
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The U.S. Department of the Treasury issued a report this week that probes cybersecurity risks in the financial sector from artificial intelligence (AI). The report, called Managing Artificial Inte...
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A new survey from Grant Thornton LLP has found that a majority of professionals in mergers and acquisitions (M&A) are preparing for deal volumes to increase. The survey, which polled 238 M&A profe...
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Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions during the most recent quarter, according to the Federal Housing Finance Agency’s (FHFA) fourth quarter 2023 Foreclosure Pr...
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A new report from Arizent examines how banks view and use artificial intelligence (AI). The report, called Unleashing the Power of AI, found that outside of ChatGPT, there is a lack of familiarity ...
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A new survey released by the American Bankers Association (ABA) shows growing consumer confidence in banks. Among the key findings of the survey, developed for ABA by Morning Consult, 87 percent o...
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A new report from the U.S. Chamber of Commerce shows that digital trade supports more than 3 million jobs and accounted for $2.6 trillion in gross domestic product (GDP) in 2022, which is equivalent t...
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Total assets in federally insured credit unions rose by $88 billion, or 4.1 percent, to $2.26 trillion in the fourth quarter of 2023, according to the National Credit Union Administration (NCUA). ...
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