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BANKING NEWS

Small business optimism soars, resulting in increased hiring and wages

Fox Business

By Leia Klingel | Wednesday, June 13, 2018

The Small Business Optimism Index continued its impressive run in May, climbing to the second-highest level in history with small businesses reporting great numbers in several key areas.

The May report included several record-setting data points. Employee compensation increases hit a 45-year high at a record net 35%, positive earnings trends reached a survey high at a net 3%, positive sales trends are at the highest level since 1995 and expansion plans are the most robust in survey history.

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Chair Yellen says community banks play vital role in U.S. Financial System

By Gainey Business Bancorp | Monday, February 5, 2018

Federal Reserve Chair Janet Yellen gave welcoming remarks during the 5th Annual Community Banking in the 21st Century research and policy conference, presented jointly by the Federal Reserve System and the Conference of State Bank Supervisors (CSBS). Yellen discussed the Fed’s recent efforts to ensure that its regulation and supervision of community banks is tailored appropriately to the size, complexity, and role different institutions play in the financial system. She also highlighted the work the Fed, along with other state and federal regulators, is taking to reduce the regulatory burden on community banks and other smaller, less complex institutions.

To view Janet Yellen’s remarks – click here

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