Fed set to quicken taper pace; 2 US banks exceed $10B in total assets in Q3

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Fed set to quicken taper pace with rate hikes coming in 2022

Only one month after announcing a plan to taper $120 billion per month in bond purchases, Federal Reserve officials this week are likely to double the pace of that taper, according to several analysts.

2 US banks surpass $10B in total assets in Q3

Two U.S. banks crossed $10 billion in total assets during the third quarter as the deadline to shrink back below the threshold to avoid some of its effects approaches.

US banks shed exposure to risky CRE loans in Q3

Number of US bank buyback announcements slows in November

More highlights

* Acting Comptroller of the Currency Michael Hsu said he supports the view of the majority of the Federal Deposit Insurance Corp. board members that the Bank Merger Act guidelines are "ripe for review."

* The Office of the Comptroller of the Currency launched the Washington, D.C., Roundtable for Economic Access and Change, or DC REACh, expanding its Project REACh efforts to the district.

Chart of the day

Community banks' total assets ballooned since the onset of the COVID-19 pandemic, largely due to a buildup of excess cash and Small Business Administration Paycheck Protection Program loans.

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