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Federal Reserve Alert! Federal bank regulatory agencies today issued the host state loan-to-deposit ratios that are used to evaluate compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994.

Source (pdf) The statewide loan-to-deposit ratio relates to an individual bank and is the ratio of a bank’s loans to its deposits in a particular state where the bank has interstate branches. SECTION 109 HOST STATE LOAN-TO-DEPOSIT RATIOS The Board of Governors of the Federal Reserve System (Board), the

SEC Alert! Dissent from Commissioner Hester M. Peirce on Ernst & Young to Pay $100 Million Penalty for Employees Cheating on CPA Ethics Exams and Misleading Investigation

Earlier today: Ernst & Young to Pay $100 Million Penalty for Employees Cheating on CPA Ethics Exams and Misleading Investigation Source to Commissioner Hester M. Peirce statement When Voluntary Means Mandatory and Forever: Statement on In the Matter of Ernst & Young LLP I could have supported an enforcement action

Goldman Sachs is reportedly raising $2B to buy buy up distressed assets from troubled crypto lender Celsius: Sources

NSCC Alert! NSCC PROPOSED RULE CHANGE – ADOPTION OF INTRADAY VOLATILITY CHARGE AND ELIMINATION OF INTRADAY BACKTESTING CHARGE (SR-NSCC-2022-009)

SEC Alert! SEC votes unanimously to finalize rule amendments to require the electronic filing of certain documents that previously were submitted on paper by investment advisers, institutional investment managers, and others.

Source: https://www.sec.gov/news/statement/gensler-statement-electronic-filing-requirements-062322 Today, the Commission voted unanimously to finalize rule amendments to require the electronic filing of certain documents that previously were submitted on paper by investment advisers, institutional investment managers, and others. The rule also updates the substance of quarterly reports on Form

S&P Global Services Survey Alert! US economy slows sharply amid renewed downtrend in demand as PMI falls to 51.6 in June vs. 53.4 in May.

According to the survey, inflation is forcing consumers to cut back on goods (not services) and interest rates are causing concern of a recession Source (data collected June 13-22) Key findings: (any number over 50 signifies expansion and readings below that mark point to economic contraction) * Flash US PMI Composite