Small business delinquencies increased in Q1
Small business loan delinquencies increased in the first quarter of this year amid rising interest rates and ongoing inflation, according to recent analysis. [Continue]
BankNews.com is banking, fintech news hub
Investors, financial services consumers, academics, journalists and banking industry news junkies have a new internet home for following developments among the nation’s largest banks, financial technology companies (fintechs) and community banks: BankNews.com provides news directly from the source. [Continue]
Lawsuit: FDIC lacked authority to issue NSF requirement
The Minnesota Bankers Association and Annandale, Minn.-based Lake Central Bank have filed a federal lawsuit against the FDIC. [Continue]
Industrial production, manufacturing fell in June
Industrial production fell by a half-percent in June but increased at an annual rate of 0.7 percent, according to the Federal Reserve. [Continue]
Regulator calls for more stringent crypto regulations
The Financial Stability Board is calling on cryptocurrencies to face more stringent regulations and supervision in the wake of several failures and ongoing stability concerns. [Continue]
Consumer sentiment rose this month as inflation fell
Consumer sentiment rose 13 percent in June amid a sharp drop in inflation, according to July’s University of Michigan Surveys of Consumers. [Continue]
Economy grows amid drought, falling inflation
U.S. economic activity has increased slightly since late May as slow growth is expected through the second half of the year, according to the Federal Reserve’s Beige Book. [Continue]
Midwestern economy continues slow growth
Regional supply chain managers say the economy continues to slowly grow, according to Creighton University’s June Business Conditions Index. [Continue]
Credit standards tightened early this year
Credit standards tightened in the first quarter of this year as commercial and industrial lending fell nearly 16 percent from a year ago, according to a recent survey. [Continue]
Small business optimism grows
Small business optimism grew in June but remained stunted amid stubbornly high inflation and ongoing tightness in the labor market, according to NFIB. [Continue]