WALL STREET - (07/24/06) The Federal Home Loan bankSystem said Friday it increased the size of a five-year globalnotes offering by a third to $4 billion, based on strong demand.The 5.375% notes, due Aug. 15, 2011, were priced at 99.886 to yield5.402%, or 39.5 basis points over Treasuries. Notes issued by theFHLBs are one of the few permissible investments for credit unions.Preliminary data shows that 53% of the notes were purchasedinternationally and 47% domestically.
The new Fed chair takes his seat for the first time but may find it was easier to be an outside critic than inside leader.
A collaboration between the bank and Edward Jones was honored as American Banker's top 2026 Innovation of the Year at the Digital Banking Conference.
The first bipartisan, bicameral housing compromise includes a suite of community banking provisions long sought by the industry.
The fintech's recently installed U.S. CEO said at American Banker's Digital Banking conference that Revolut's goal is to become "the first truly global bank."
Isabella Bancorp in Mount Pleasant to enter the Grand Rapids market with $54.6 million purchase of Grand River Commerce in Grandville.
Newly minted Federal Reserve Chair Kevin Warsh will host his inaugural press conference on Wednesday. Bankers will be paying close attention to what he says — and how he says it.
