Tag: banking_industry
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OCC Releases 2026 Bank Accounting Advisory Series with Updated Standards
The OCC has released its 2026 Bank Accounting Advisory Series, providing updated guidance on accounting standards for banks. This edition incorporates new FASB standards on topics like purchased loans and government grants, promoting consistent application across the industry.
BusinessPolitics and GovernmentBankingEconomyFederal GovernmentLegalFinancial Markets OCCBank Accounting Advisory SeriesAccountingFinancial Accounting Standards BoardBanking IndustryRegulatory ReportingPurchased LoansOffice of the Comptroller of the Currency (OCC)
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OCC Releases July 2026 CRA Performance Evaluations for 14 Banks
The OCC released CRA performance evaluations for 14 banks and savings associations for July 2026. Ratings ranged from 'Outstanding' for several institutions to 'Needs to Improve' for one, assessing their commitment to community credit needs, including low- and moderate-income areas.
BusinessPolitics and GovernmentFederal GovernmentBankingEconomySocial Issues Community Reinvestment Act (CRA)Financial RegulationBanking IndustryOCCBank PerformanceCommunity DevelopmentCredit AccessOffice of the Comptroller of the Currency (OCC)
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U.S. Banks Report Strong Q1 2026 Trading Revenue and Surging Derivatives
U.S. commercial banks saw Q1 2026 trading revenue hit $16.3 billion, a significant increase. The OCC report also highlighted a surge in derivative notional amounts to $296.5 trillion, with four large banks dominating the market.
BusinessPolitics and GovernmentUSAEconomyBankingFinancial MarketsFederal GovernmentLegal OCCTrading RevenueCommercial BanksDerivativesFinancial ServicesBanking IndustryInterest Rate ProductsOffice of the Comptroller of the Currency (OCC)