KC Fed manufacturing activity, future expectations unchanged
Tenth District manufacturing activity was steady in May as expectations for future activity remained flat, according to the Kansas City Fed. [Continue]
Michigan regulator closes fake bank website
The Michigan Department of Insurance and Financial Services ordered the website of a fake bank to close after issuing a cease-and-desist order last month. [Continue]
Pace of bank mergers slows in 2023
The pace of bank mergers and acquisitions in the United States slowed considerably during the first four months of this year, according to S&P Global Market Intelligence. The 28 deals announced through April 30 were less than half of the total announced over the same period last year. [Continue]
Bank CEO optimism grows as economy remains slow
The rural economy grew slightly this month even as banker sentiments remain stunted by recessionary fears. [Continue]
Industrial production grew in April
Industrial production increased 0.5 percent in April after seeing little growth the previous two months. [Continue]
Consumer sentiment falls amid debt ceiling standoff
Consumer sentiment fell this month amid mounting concerns that the United States will default on its debt next month. [Continue]
Surveys point to tightening lending conditions
Banks will continue to tighten business lending standards throughout the rest of this year as they become more risk-averse amid recessionary fears, according to a Fed survey. [Continue]
Bill to spark rural ag lending introduced in the House
A bipartisan bill introduced last week is intended to spark agricultural real estate lending growth by granting community banks tax-exempt status for earned interest. [Continue]
Small business optimism falls amid warning signs of recession
Small business owner optimism fell to a 10-year low last month amid an ongoing shortage of qualified employees and continued inflation, according to the National Federation of Independent Business. [Continue]
Federal Reserve issues enforcement action against Illinois community bank
The Federal Reserve Board of Governors issued an enforcement action late last month against an Illinois community bank. [Continue]