Americas

The company recently agreed to be sold to SmartFinancial in Knoxville, Tenn.

PNC chief Bill Demchak says he's pretty sure the U.S. isn’t heading into recession, but asset quality is so strong that the regional bank is giving itself a wide berth in forecasting its loan-loss provision in case of the unexpected.

Kerry Parker, the Austin, Texas-based credit union's current CEO, expects to retire around midyear.

Bank of America CEO Brian Moynihan and his fellow executives said they see nothing to suggest a slowdown is imminent. Their outlook was far more upbeat than that of JPMorgan chief Jamie Dimon.

The company owning brands such as Kay Jewelers and Jared the Galleria of Jewelry will pay $11 million under a settlement with the consumer bureau and New York's attorney general.

The company's fourth-quarter results were also stymied by costs tied to severance and litigation, along with investments in technology.

Bob Jones will retire in early May. He will be succeeded by Jim Ryan, the Indiana company's chief financial officer.

This is the seventh consecutive year that the Kansas City area institution has returned at least $5 million to its members.

The Tennessee company will have $4 billion in assets and 47 branches in six states when it buys Entegra Financial.

Canada needs to embrace digital identification to "unlock the full potential" of banking and the economy, Canadian Bankers Association Chief Executive Officer Neil Parmenter said.