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Core PCE held steady as service costs rose, but the overall report maintains the central bank's flexibility ahead of next week's Federal Open Market Committee meeting.
October 31
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The heavy issuance partly stems from banks offloading loans from their books ahead of new capital rules.
October 30 -
Since the first SLL was arranged roughly seven years ago, the market for such loans has grown to almost $1.8 trillion.
October 29
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The average size of a Small Business Administration 7(a) loan has fallen to just over $400,000, a level last reached in 2017, according to agency statistics.
October 29
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The notes receive credit enhancement from overcollateralization, and an initial reserve.
October 29
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Positive feedback from participants in existing programs led to the decision to expand them in order to assist more lenders.
October 28
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The assets are composed of seasoned mortgage loans financing a range of residential property types.
October 28
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The longtime JPMorgan Chase CEO discussed the Basel III endgame capital rules, interchange fees and open banking during a fireside chat at the American Bankers Association's annual conference.
October 28
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The Consumer Financial Protection Bureau may face an existential threat if former President Trump is reelected, while the agency could be emboldened if Vice President Harris wins.
October 28
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An independent valuation said that the total catalog is worth about $2.36 billion, based on projected cash flow from the assets. More than 70% of the songs were released more than 10 years ago.
October 25
