Americas

About $12 million of the proceeds will go toward exiting the Small Business Lending Fund.

Higher lending for mortgages, construction and commercial real estate boosted Fulton Financial's profit.

The Michigan company expects a recently announced mortgage initiative to produce solid growth in 2017.

Bitcoin exchange and digital wallet provider Coinbase has received a virtual currency and money transmitter license — commonly known as a BitLicense — from the New York State Department of Financial Services.

The online payment service Alipay, an affiliate of Alibaba, is extending its collaboration with luxury travel retailer DFS Group as more Chinese citizens increase their travel frequency to overseas locations.

Letgo, an online marketplace for buying and selling used goods, said it raised $175 million to invest in growth plans and grab market share from EBay Inc. and Craigslist.

Asset quality remained solid as the Little Rock company improved loan-to-deposit, efficiency ratios last quarter following two major bank acquisitions.

The company sued the former director over the debt, which disqualified him from board service.

TNB Corp., which plans to offer deposits to institutional investors, would not have branches or retail deposits.

The company would prefer buying banks with $5 billion to $10 billion in assets unless it finds an appealing alternative in a strategic market such as Raleigh or Nashville.