WASHINGTON — The Federal Deposit Insurance Corp. will release its industry earnings report for the second quarter on Aug. 22.
The industry will look to see if the
Bankers will also be focused on the rate of loan growth, which has recently begun decelerating.
The Quarterly Banking Profile for April to June of this year will be released at 10:30 a.m. and followed by a Q&A session with FDIC Chairman Martin Gruenberg.
Michael Barr said he believes artificial intelligence will have a positive long-term impact on the economy, though it may cause job losses in the short term.
The Federal Reserve Board finalized changes to its supervisory rating framework, allowing large bank holding companies to be considered "well managed," even with one deficient rating.
As the emerging form of artificial intelligence impacts payments, pace of payment disputes and the workload will change.
The chairman and CEO of First Independence Bank in Detroit is the new chairman of the American Bankers Association. He said his extensive involvement in industry advocacy roles over the past eight years has made him a better leader.
The Consumer Financial Protection Bureau is considering a proposal to reduce its oversight of auto finance lenders, saying the benefits of supervision may not justify the "increased compliance burdens."
A regulatory filing Wednesday sheds more light on how the megamerger came together. It also details the compensation arrangements for Comerica CEO Curtis Farmer, who will become Fifth Third's vice chair.
