Business conditions measure expands, indicating expansion
The Midwestern economy is growing despite stubbornly high inflation and a workforce shortage, according to Creighton University’s February Mid-America Business Conditions Index. [Continue]
The Midwestern economy is growing despite stubbornly high inflation and a workforce shortage, according to Creighton University’s February Mid-America Business Conditions Index. [Continue]
Wausau, Wis.-based IncredibleBank will soon break ground on a new branch in Cape Coral, Fla. [Continue]
The Financial Crimes Enforcement Network is warning banks of a surge in check fraud schemes targeting the U.S. Mail since the pandemic. [Continue]
Tenth District manufacturing was flat this month as expectations for future activity remain modest, according to Kansas City Fed survey. [Continue]
FDIC-insured institutions made $68.4 billion in the fourth quarter, a 4.6 percent decrease from the previous quarter. That lower number was caused by a drop in noninterest income and a large increase in provision expenses offsetting an increase in net interest income, according to the agency’s Quarterly Banking Profile. [Continue]
San Francisco-based fintech Metallicus, Inc., is forming a bank holding company and plans to acquire Illinois-based State Bank of Nauvoo. [Continue]
House Majority Whip Tom Emmer (R-Minn.) introduced a bill this week to ban the Federal Reserve from directly issuing a central bank digital currency. [Continue]
Banks serving the crypto industry should incorporate liquidity risks and funding volatility into stress tests and governance and risk management processes, regulators said. [Continue]
The American Bankers Association is calling on lawmakers to raise Farm Service Agency guaranteed lending limits as part of the 2023 Farm Bill. [Continue]
The Financial Stability Board will more closely monitor decentralized financial markets following a number of high-profile bankruptcies. [Continue]