FTR Transportation Intelligence released its Weekly Transportation Update and at the top of the list is the Trump presidency, which is expected to disrupt a number of policies affecting transportation. The Federal Reserve cut interest rates by 0.25%...
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November 12, 2024, 08:12 AM
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Provident Financial Services, the parent company of Provident Bank, and Lakeland Bancorp, the parent company of Lakeland Bank, received regulatory approval from the Board of Governors of the Federal Reserve System for Provident and Lakeland to...
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April 12, 2024, 07:19 AM
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Bank regulatory agencies requested comment on a proposal to increase the strength and resilience of the banking system. The proposal would modify large bank capital requirements to better reflect underlying risks and increase the consistency of how...
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July 28, 2023, 08:00 AM
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The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the...
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May 09, 2023, 07:59 AM
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The Federal Reserve Board announced its approval for UBS Group AG, of Zürich, Switzerland, to acquire the U.S. subsidiaries of Credit Suisse Group AG, of Zürich, Switzerland.The application was submitted in connection with UBS Group AG's...
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April 17, 2023, 08:00 AM
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The national Citizens Business Conditions Index™ (CBCI) rose to 56.1 in the third quarter, regaining momentum after a drop in second quarter economic sentiment prompted by inflation concerns. This quarter’s score extends the index’s streak to eight...
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October 26, 2022, 07:15 AM
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The July 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the second...
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August 08, 2022, 07:48 AM
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The October 2021 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the third...
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November 09, 2021, 07:50 AM
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The Federal Reserve Board on Wednesday announced plans to begin winding down the portfolio of the Secondary Market Corporate Credit Facility (SMCCF), a temporary emergency lending facility that closed on December 31st, 2020. The SMCCF proved vital in...
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June 03, 2021, 07:51 AM
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Bloomberg reported the Federal Reserve and other bank regulators are signaling new warnings for the U.S. economy, stating businesses hardest hit by Covid-19 are sitting on $1 trillion of debt and a high percentage of the debt is at risk of going bust...
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March 05, 2021, 07:42 AM
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The Federal Reserve Board announced an extension through March 31, 2021, for several of its lending facilities that were generally scheduled to expire on or around December 31.By backstopping critical short-term funding markets, these facilities are...
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December 01, 2020, 08:36 AM
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Middle-market companies say the Federal Reserve's $600 billion Main Street Lending Program has failed to produce promised relief due to onerous terms and low availability, according to a report from Bloomberg News. Sources tell Bloomberg that...
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September 15, 2020, 09:10 AM
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Following its stress tests earlier this year, the Federal Reserve Board on Monday announced individual large bank capital requirements, which will be effective on October 1.Under its framework for large banks—those with more than $100 billion in...
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August 11, 2020, 08:47 AM
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The Federal Reserve Board announced an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30. The three-month extension will facilitate planning by potential facility participants and provide...
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July 29, 2020, 08:48 AM
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The Federal Reserve Bank of New York announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin purchases of exchange-traded funds (ETFs) on May 12.As specified in the term sheet, the SMCCF may purchase U.S.-listed ETFs whose...
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May 12, 2020, 09:10 AM
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The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver...
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April 10, 2020, 09:05 AM
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The Federal Reserve Bank of New York announced that Douglas L. Kennedy, president and chief executive officer of Peapack-Gladstone Bank has been elected a Class A director representing Group 2, which consists of banks with capital and surplus between...
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December 27, 2019, 08:50 AM
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The Federal Reserve is likely to cut interest rates by less than financial markets expect over the rest of 2019 given robust jobs growth in the US, Fitch Ratings says. A 25bp cut now appears probable at either the July or September FOMC meeting but...
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July 18, 2019, 08:55 AM
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A top official at the U.S. Federal Reserve tempered warnings issued by the agency that record high levels of business debt coupled with deteriorating credit standards could "leave the business sector vulnerable to a downturn in economic activity or a...
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May 10, 2019, 09:15 AM
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The Federal Reserve's dovish stance on keeping the Fed Funds rate at its current level for the remainder of 2019 will pressure U.S. banks' revenue. However, the rate pause may also prolong the benign credit quality environment, according to Fitch...
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March 22, 2019, 08:11 AM
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Total outstandings of private and public nonfinancial-sector debt grew by 5.1% year-to-year as of the final quarter of 2018, reaching a record high of $51.796 trillion, according to a briefing by Moody's Analytics referencing the latest version of...
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March 18, 2019, 08:00 AM
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Recently proposed changes to how regulatory capital and liquidity is managed and reported at U.S. large regional banks continues the bifurcation of regulatory relief between Global Systemically Important Banks (GSIBs) and smaller peers, says Fitch...
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November 06, 2018, 07:00 AM
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The Federal Reserve Board on Thursday approved a rule to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability. As demonstrated during the financial crisis, excessive exposure...
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June 18, 2018, 08:01 AM
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The Federal Reserve released its Senior Loan Officer Opinion Survey on Bank Lending Practices for the month of October, which found conditions more favorable to business borrowers. Regarding loans to businesses, respondents to the October survey...
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November 07, 2017, 07:29 AM
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Risk in the portfolio of large syndicated bank loans declined slightly but remains elevated, according to the Shared National Credit (SNC) Program Review released by the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the...
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August 04, 2017, 07:42 AM
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A significant proportion of U.S. non-bank financial institutions (NBFIs) would be adversely affected by an accelerated and higher-than-anticipated increase in US interest rates, says Fitch Ratings. The impact on U.S. NBFIs of US interest rates...
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April 12, 2017, 07:25 AM
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The October 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. This summary discusses the...
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November 14, 2016, 07:46 AM
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The American economy is doing better than the headlines suggest and should continue to add jobs at a steady pace, according to a new report by TD Economics, an affiliate of TD Bank. "Economic growth averaged just 1.0 percent over the first half of...
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September 23, 2016, 07:46 AM
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The Federal Reserve issued the following press release on December 16, 2015:Information received since the Federal Open Market Committee met in October suggests that economic activity has been expanding at a moderate pace. Household spending and...
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December 16, 2015, 02:45 PM
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The Federal Reserve Board on Monday approved a final rule requiring the largest, most systemically important U.S. bank holding companies to further strengthen their capital positions. Under the rule, a firm that is identified as a global systemically...
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July 21, 2015, 07:56 AM
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The Federal Reserve Board on Monday issued a final order that establishes enhanced prudential standards for General Electric Capital Corporation (GECC), a nonbank financial company designated by the Financial Stability Oversight Council (FSOC) for...
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July 21, 2015, 07:47 AM
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As the Federal Reserve holds firm on keeping interest rates the lowest in decades, while ceasing to pump up stocks with quantitative easing – causing increased market fluctuations – enthusiasm will remain elevated for investors seeking a high...
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January 29, 2015, 07:13 AM
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Bloomberg reported the Federal Reserve said it plans to oversee GE Capital Corp. in a similar manner to the way it supervises large bank-holding companies.
According to the Bloomberg report, the Fed asked for public comment today on its regulation...
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November 26, 2014, 07:44 AM
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The July 2014 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. This summary is based on the responses...
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August 11, 2014, 07:39 AM
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The October 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. Domestic banks, on balance, reported...
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November 18, 2013, 08:00 AM
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The recovery in the economy will continue to show improvement over the next year, despite the recent rise in interest rates, according to a new report by TD Economics, an affiliate of TD Bank, America's Most Convenient Bank."The U.S. economy has...
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September 26, 2013, 07:46 AM
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The Federal Reserve Board issued a final rule establishing annual assessment fees for its supervision and regulation of large financial companies. For the 2012 assessment period, the first year for which assessment fees will be collected, the Board...
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August 19, 2013, 08:02 AM
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The July 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. The survey also contained special...
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August 07, 2013, 07:14 AM
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CIT Group, a leading provider of financing and advisory services to small businesses and middle market companies, announced that it received notice from the Federal Reserve Bank of New York (the FRBNY) that the Written Agreement, dated August 12...
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May 31, 2013, 08:03 AM
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According to the April 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices issued by The Federal Reserve Board, domestic banks, on balance, reported having eased their lending standards and having experienced stronger demand in several...
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May 07, 2013, 07:44 AM
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According to the Federal Reserve’s Beige Book, reports from the twelve Federal Reserve Districts suggest overall economic activity expanded at a moderate pace during the reporting period from late February to early April. Activity in the Cleveland...
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April 18, 2013, 07:00 AM
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According to Bloomberg, the Federal Reserve said 17 of the 18 largest U.S. banks could withstand a deep recession and maintain capital above a regulatory minimum.
According to the report, only Ally Financial Inc., the auto lender majority-owned by U...
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March 08, 2013, 07:16 AM
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Federal Reserve Chairman Ben S. Bernanke’s unprecedented bond buying pushed the Fed’s balance sheet to a record $3 trillion as he shows no sign of softening his effort to bring down 7.8 percent unemployment.
The Fed is purchasing $85 billion of...
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January 25, 2013, 07:03 AM
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The Federal Reserve Board has proposed rules to strengthen the oversight of U.S. operations of foreign banks.
The proposal would require foreign banking organizations with a significant U.S. presence to create an intermediate holding company over...
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December 17, 2012, 07:43 AM
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Economic activity expanded at a measured pace in recent weeks, according to reports from contacts in the twelve Federal Reserve Districts. Cleveland, Richmond, Atlanta, Chicago, Kansas City, Dallas, and San Francisco grew at a modest pace, while St....
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November 29, 2012, 08:12 AM
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The October 2012 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months. This summary is based on responses from 68 domestic...
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November 01, 2012, 06:00 AM
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Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been slow, and the unemployment rate remains elevated...
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October 25, 2012, 07:00 AM
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According to the October 10, 2012 Beige Book Report, twelve Federal Reserve Districts indicated that economic activity generally expanded modestly since the last report.Conditions in the manufacturing sector were mixed but, on balance, somewhat...
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October 10, 2012, 07:00 AM
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