ABA Banking Journal

Originally launched in 1908, the ABA Banking Journal serves as the main magazine for the American Bankers Association, offering valuable insights for banking professionals to thrive in the competitive financial services industry. In collaboration with Naylor Association Solutions, the ABA Banking Journal underwent a complete redesign and was relaunched in May 2015. Now published bimonthly, the magazine delivers new viewpoints on important business issues and policy trends.

National, Trade/B2B

English

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Articles

Travis Hill on the future of regulatory policy at the FDIC

2 weeks ago | bankingjournal.aba.com | Evan Sparks

ABA’s Washington Summit just wrapped up, and this episode — sponsored by Intrafi’s Banking with Interest — features a main stage conversation with Travis Hill, acting chairman of the FDIC. In this episode, Hill discusses: If you can’t see the audio player above, click here to listen to this week’s episode. This episode is presented by Intrafi’s Banking with Interest. In this episode:Travis HillActing ChairmanFDICRob NicholsABA President and CEO
ABA's Nichols renews call for national strategy on fraud

2 weeks ago | bankingjournal.aba.com | Walt Williams

Nearly nine in 10 Americans with a bank account (89%) say they are “very satisfied” or “satisfied” with their primary bank and 93% rate their bank’s customer service as “excellent,” “very good” or “good,” according to an ABA... Consumer credit decreased at a seasonally adjusted annual rate of 0.2% in February, the Federal Reserve reported.
International trade deficit decreased in December

3 weeks ago | bankingjournal.aba.com | Aakash Gupta

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $122.7 billion in December, down $9.0 billion from $78.9 billion in February, revised. The February decrease in the goods and services deficit reflected a decrease in the goods deficit of $8.8 billion to $147.0 billion and a decrease in the services surplus of $0.8 billion to $24.3 billionFebruary exports were $278.5 billion, $8.0 billion more than January exports.
Podcast: Play ball! Financial education home runs

3 weeks ago | bankingjournal.aba.com | Evan Sparks

April is Financial Literacy Month, a time when bankers think creatively about how to engage young people on topics of financial wellness. Citi’s Michelle A. Thornhill and Roads to Success’s Bashan Fernandez for a discussion of Citi’s approach to making financial knowledge fun and engaging.
ADP: 155,000 jobs gained in March

3 weeks ago | bankingjournal.aba.com | Aakash Gupta

The non-farm private sector gained 155,000 jobs in March and annual pay was up 4.6% Year-over-Year, according to the ADP National Employment Report. This follows an upward revision of January’s report from 77,000 to 84,000. Small businesses with fewer than 50 employees gained 52,000 jobs. Medium-sized businesses with 50-499 employees gained 43,000 jobs and large businesses gained 59,000.
Final: Consumer sentiment fell 7.7 points in March

1 month ago | bankingjournal.aba.com | Aakash Gupta

Final results show consumer sentiment fell 7.7 points in March to 57.0, down 22.4 points from one year ago, according to final results of the University of Michigan Surveys of Consumers. The Current Economic Conditions Index edged down 1.9 points from the previous month to 63.8, 18.7 points lower than year-ago-levels. The Consumer Expectations Index fell 11.4 points to 52.6, 24.8 points lower than the March 2024 Index.
Fourth quarter GDP (Third Estimate) increases 2.4%

1 month ago | bankingjournal.aba.com | Aakash Gupta

Real GDP grew at an annual rate of 2.4% in the fourth quarter of 2024, according to the “third” estimate released by the Bureau of Economic Analysis. Real GDP increased 3.1% in the third quarter of 2024. The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment. Imports, which are a subtraction in the calculation of GDP, decreased.
FS-ISAC releases guidance for implementing AI solutions

1 month ago | bankingjournal.aba.com | Walt Williams

The Financial Services Information Sharing and Analysis Center this week released a report to help financial service providers predict the challenges and identify the uncertainties involved in implementing generative artificial intelligence solutions. “Charting the Course of AI: Practical Considerations for Financial Services Leaders” is the latest guidance developed by FS-ISAC’s AI Risk Working Group, a group of AI and cybersecurity experts at financial firms.
Pivot point: Will changes in Washington see a return to rational regulation?

1 month ago | bankingjournal.aba.com | Monica Meinert

By Monica C. MeinertAfter four years of being rocked by the “regulatory tsunami,” the tide may be about to turn for the banking industry. President Trump won a decisive victory in the 2024 presidential election and Republicans succeeded in winning narrow margins in both the House and Senate.
Bank survey: First-time homebuyers optimistic about market, concerned about affordability

1 month ago | bankingjournal.aba.com | Walt Williams

Nearly three in four first-time homebuyers (74%) feel optimistic about the current housing market, with nearly half (47%) saving for a down payment despite concerns about housing affordability, according to a new survey by TD Bank. The bank’s survey of first-time homebuyers found that a large majority believe their personal financial situation is stable and that homeownership is important.