Economy

Fed: Largest Banks Much Stronger Post Financial Crisis

The Fed announced that the nation’s largest banks have continued to improve their ability to withstand an extremely adverse hypothetical economic scenario and are collectively in a much stronger position than before the financial crisis. read more

Beige Book: Economy Expands at Moderate Pace

According to the Federal Reserve’s recently released Beige Book, reports from the twelve districts indicated that economic activity generally expanded at a modest to moderate pace since January. read more

February Commercial Bankruptcy Filings Fall 29%

Total commercial bankruptcy filings in February 2013 decreased 29% from business filings recorded in February 2012, according to ABI and Epiq Systems. read more

ISM: Services Sector Growth Highest Since Feb '12

The Institute for Supply Management said its Non-Manufacturing Index in February was 0.8 percentage point higher than in January. This month's reading reflects the highest NMI since February 2012. read more

Durable Goods Orders Drop 2.0%

In its latest report on manufacturers’ shipments, inventories and orders, the U.S. Census Bureau said new orders for durable goods in January decreased 2.0%. Excluding transportation, new orders increased 1.3%. read more

PayNet: Small Businesses Reluctant to Expand

PayNet said that the Thomson Reuters PayNet Small Business Lending Index has been flat for the past year, confirming the economy’s failure to reach its full potential primarily as a result of small businesses’ reluctance to expand. read more

ISM: New Orders, Production Growing

According to the ISM’s survey, economic activity in the manufacturing sector expanded in February for the third consecutive month, and the overall economy grew for the 45th consecutive month. read more

BEA Revises Fourth Quarter GDP Upward

Real GDP increased 0.1% in Q4/12, a 0.2 percentage point upward revision from the advance estimate released in January, according to the Bureau of Economic Analysis. read more

Bernanke Reiterates Low Rate Guidance, Continued Stimulus

In his remarks to the Committee on Financial Services, Fed chairman Ben Bernanke reiterated the Committee’s guidance for sustaining low interest rates as well as continuing with $85 billion per month in bond purchases. read more

Bloomberg: Stimulus Spurring U.S. Employment in Housing

Bloomberg reported that Federal Reserve chairman Ben S. Bernanke has something to tout before Congress in hearings this week: job growth in the auto and housing industries. read more

Private Companies Embrace Innovation to Meet Growth Goals

According to a recent PwC U.S. study, U.S. private companies are embracing innovation to help them fulfill their growth agendas. read more

TD Bank: Small Businesses Plan for Better Financial Health

Nearly half of small businesses expect their financial health to improve in 2013 and are confident that sales will increase over 2012, according to a new survey released by TD Bank. read more

Small Businesses Leading Nation's Economic Recovery

The economic environment is turning around for America's small businesses despite some lingering challenges from the recession, according to a new report by the U.S. Small Business Administration Office of Advocacy. read more

BofA Survey: U.S. CFOs Remain Cautious About Economy

Financial executives at U.S. companies continue to be concerned about the economy, with only two out of five executives expecting growth in 2013, according to the Bank of America Merrill Lynch 2013 CFO Outlook. read more

TD Survey: CFOs Optimistic for Corporate, Economic Growth

A new national survey from TD Bank reveals that both middle-market and corporate CFOs are optimistic for macroeconomic and business growth at a level unseen since the height of the Great Recession. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com