On Thursday, the FDIC reported its commercial banks and savings institutions saw a net income of $256.9 billion, down $6 billion from 2022, but still above the levels reported prior to the pandemic. ...
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Democrats on the U.S. Congress Joint Economic Committee (JEC), led by Committee Chair Martin Heinrich (D-NM), released a report this week that examines rising corporate profits. The report, titled...
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Mortgage originations hit a 30 year low in 2023, according to the Intercontinental Exchange’s ICE Mortgage Monitor Report. The report said that just 4.3 million mortgages were originated in 2023...
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According to a new survey from PNC, the majority of small- and mid-sized business owners are optimistic about the national economy and nearly four out of five are optimistic about their own business. ...
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The Public Company Accounting Oversight Board (PCAOB) is seeking public comment on a proposal about how a firm presents its PCAOB registration status. Specifically, PCAOB Rule 2400 would, If adop...
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A new report from Goldman Sachs has found that Black women continue to face obstacles when it comes to leaving a financial legacy. The report, One Million Black Women, found that while Black women...
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A new report charts the fluctuations in commercial foreclosures in the United States over the past 10 years and shows a significant spike since the pandemic. The report, developed by ATTOM, a curat...
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The American Bankers Association’s latest Credit Conditions Index revealed cautious optimism about credit conditions in 2024. The index improved to its highest level in six quarters as ABA’s E...
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The Securities and Exchange Commission (SEC) published its annual report to Congress this week on credit rating agencies. The report, conducted by the SEC’s Office of Credit Ratings, discusses th...
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A recent survey by the Consumer Financial Protection Bureau (CFPB) found that large banks are offering worse credit card terms and interest rates than small banks and credit unions, regardless of cred...
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