Finance

Profits fell 42% at the Birmingham, Ala., bank because of a $121 million tax charge in the fourth quarter, but net interest income and noninterest income each rose 14%, softening the blow of the one-time tax hit.

PayPal's brand is so ingrained with eBay sellers that its success forced the online marketplace to buy it in 2002. Even after the companies separated, their businesses remained intertwined. So it is no small decision for eBay to instead select Adyen as its primary payment processor.

Mastercard Inc. doesn’t traffic in cryptocurrencies, but it’s benefiting from them just the same.

The European core systems vendor has been making inroads into the U.S. market in recent years.

PayPal Holdings Inc. issued a forecast that didn’t meet Wall Street’s expectations, signaling struggles ahead as it looks to compete with banks and startups in the online payments market.

After reporting its fourth-quarter earnings, the subprime auto lender said it expects the new tax law to enable more car owners to stay current on their loans.

Mastercard knows the more time consumers spend on their mobile devices—often deliberately blocking ads—the less likely they are to see its iconic “Priceless” ads, even if those ads support a charitable cause.

The company, which has been actively curbing growth to avoid becoming a systemically important financial institution, reported lower loan balances and reduced fee income after exiting the residential wholesale mortgage business.

The company, which raised $23 million through a private placement, had a 6.97% total capital ratio at Dec. 31.

Commercial lending and mortgage income surged in the fourth quarter at the West Virginia bank thanks to two acquisitions, but a tax charge cut into profits.

The Minnesota bank was able to realize a large net tax benefit in the same quarter it took a big charge to exit auto lending, so in the end its profits doubled.

The Detroit company recorded an 11% increase in car loans and leases originated during the fourth quarter, as well as a jump in yields. Ally appears to be benefiting from Wells Fargo's substantial retrenchment in auto lending.

Louisiana credit union says secondary capital influx helped fuel earnings.

The results included a $222 million goodwill impairment charge and other one-time items.

The bank said it plans to use proceeds from the placement to expand its operations.

Dishonestly taking advantage of false membership in a group to score a discount sounds like something most people wouldn't dare do, but it's enough of a threat to retailers that investors see future returns in technologies that guard against it.

The credit union saw net income of nearly $3 million during Q4 and more than $11 million for the year.

The Texas company will gain four branches and $160 million in loans after the acquisition closes.

The private-equity firms, which invested in a predecessor to Union Bankshares in May 2010, sold their shares for a total of $301 million.

The Florida company reported increased net income even though its loan pipelines and production were hurt by last year's storms.