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Media Highlights - Week of August 20

News impacting state supervisors this week:

  • U.S. banks set another quarterly record for revenue in Q2 2018, reaching $60.2 billion. That represents a 25.1 percent, or $12.1 billion, increase from the same quarter last year, including a 21.1 percent gain in net income for community banks. Only 3.8 percent of banks were unprofitable, compared to 4.3 percent a year ago, the FDIC said. The American Banker has six takeaways from the report. 
  • The Federal Agencies issued an interim final rule allowing banks with fewer than $3 billion in assets to qualify for an 18-month examination cycle. 
  • The Senate Banking Committee approved Kathy Kraninger to lead the CFPB, Elad Roisman to be a member of the SEC, Michael Bright to lead Ginnie Mae, and Kimberly Reed to the lead the Export-Import Bank. All votes will now proceed to the full Senate for consideration.

Recent Blog Posts

Blog post
The case study competition deadline is extended!
Dec 4, 2019
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By CSBS Senior Economist and Director of Research Thomas F. Siems, Ph.D. 
Nov 21, 2019
Blog post
State regulators support the Board’s decision to develop the FedNow service because we believe this service will provide the infrastructure needed to achieve ubiquitous, safe and efficient faster payments in the United States, CSBS wrote in comment…
Nov 7, 2019
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The FDIC’s proposed changes to interest rate restrictions for less-than-well capitalized institutions are an improvement to the current methodology, CSBS said in a comment letter today.
Nov 5, 2019