Northeast Bankers Pessimistic Even as Forecast Offers Positivity
Community banks in the Northeast are the most pessimistic about the economy of anywhere in the nation, according to a new survey. Based on the fourth quarter 2023 Community Bank Sentiment Index (CBSI) released by the Conference of State Bank Supervisors (CSBS), the...J.D. Power: National Banks’ Deposits Vulnerable to Higher-Rate Offers
Customer satisfaction with national banks slightly improved this year, but a J.D. Power study found that depositors are attracted to higher interest rates at investment or wealth management and digital-only banks. J.D. Power’s 2023 U.S. National Banking Satisfaction...Boston Fed Upgrades Public Records Policy After Transparency Pressure
The Federal Reserve Bank of Boston and its 11 fellow regional Federal Reserve banks released a common public records policy this week following pressure from Congress to be more transparent. The policy will go into effect in the 12 member banks of the Federal Reserve...Study Flags Big Value Declines at Mortgaged U.S. Office Properties
A recent academic paper published by the National Bureau of Economic Research suggests that nearly half of all mortgages secured by American commercial office properties are in trouble, raising questions about financial risks at some of the nation’s banks. A quartet...This Week’s Paper: Digital Edition
