Modest CPI reading gives Fed no clear direction on rates
The consumer price index rose 0.4% last month, in line with July’s reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.
What 9/11 didn’t, and did, change about America
I don’t go in much for 9/11 retrospectives. I’ve never seen any documentaries about it, never seen any movies about it, never read any books. I don’t need to. I saw the event itself.
Lessons from 9/11: How one NYC community bank rebounded
Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank’s first disaster-recovery plan.
9/11 inspired counterterrorism. Now we have counter-fraud.
Less than half the information banks share under the program relates to money laundering or terrorist financing, by Fincen’s own count. Most is fraud.
Back to buying mode: Two banks acquire insurance agencies
New York’s Arrow Financial and Pennsylvania’s First Commonwealth Financial were seeing their insurance revenue grow before they announced agency purchases this week. Prior to 2025, banks were shedding their insurance agencies.
OpenAI launches financial tool for Wall Street bankers
The AI company has debuted ChatGPT for Financial Services, an enterprise tool that may threaten the role of junior analysts at investment banks.
US Bank partners with Stellar to test stablecoin
The institution tested USBDC in an international payment ahead of a wider rollout and amid its work on the cross-industry Open Standard stablecoin project.
FATF shares signs that online gamblers are laundering money
The global rise of online gambling has created a range of new money-laundering risks for banks and other companies, according to the Financial Action Task Force, an international standard-setting organization.
Regulators allow more banks to opt for 18-month exam cycle
Federal banking regulators say as many as 188 community banks may qualify for the extended exam cycle following implementation of the measure, which is required as part of the recently passed housing bill.
Press Release: Agencies Reduce Regulatory Burden for Community Banks, Increase Eligibility for 18-Month Exam Cycle
PRESS RELEASE | SEPTEMBER 10, 2026 Agencies Reduce Regulatory Burden for Community Banks, Increase Eligibility for 18-Month Exam Cycle WASHINGTON—The federal bank regulatory agencies today issued an interim final rule increasing the number of community banks eligible for an 18-month exam cycle. The 21st Century ROAD to Housing Act increased the total asset threshold from […]