Retail & Commercial

Big banks report; Why Goldman is different

JPMorgan Chase said profit rose 24% as bond-trading revenue climbed more than analysts estimated and expenses fell.

PNC’s fourth-quarter profit improved on higher lending to corporate customers for real estate and other loans.

Bank of America, the second-largest U.S. lender by assets, said fourth-quarter profit rose 43% as revenue from fixed-income trading increased and expenses dropped.

Banks have started reconsidering how much they are willing to pay for low-income housing tax credits.

The company had been operating for years under a licensing agreement with the San Francisco banking giant.

The California bank, grappling with credit-quality issues, did not say when – or if – a successor will be named

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader responses to AmericanBanker.com articles, social media, and from around the web.

Credit union technology executives and analysts suggest the industry must collaborate to work on three primary areas: cybersecurity, data and business intelligence and digital-first strategies.

First Internet Bancorp is the latest institution to enter the business or to significantly expand operations.