Community bank stocks look oversold; credit card balances climb

Are community bank stocks oversold? Shares in small banks have plummeted during this year's banking crisis. But deposits have largely stabilized and credit quality remains historically strong, bolstering the case for bargain buying and a sector rebound.

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Credit card balances make steepest one-year climb on record : Balances reached nearly $1 trillion at the end of the first quarter, up 17% from a year earlier. The increase reflects higher spending by well-off consumers on travel and entertainment, as well as the pressure that lower-income households are facing from inflation and higher interest rates.

Consensus on Fed's post-crisis reforms might be elusive : Comments from Federal Reserve Gov. Michelle Bowman last week show that supervisory reforms outlined by the Fed's top regulatory official could meet significant opposition, policy analysts say.

Read more: Fed: supervisors focused on emergency readiness amid banking crisis .

5 ways banks are plugging into the electric vehicle market : 美国银行 and 摩根大通 are particularly active as they build educational microsites and drive digital lending with EV manufacturers.

BNY Mellon wants digital assets to be part of every line of business : One of the oldest U.S. banks sees innovation as part of risk management, not a discretionary cost.