Retail & Commercial

The potential for more convergence between financial products and physical products raises a whole host of data and privacy issues that banks must deal with proactively.

Powered by double-digit gains in both interest and fee income, WSFS Financial in Wilmington, Del., reported a profit of $14.4 million in the fourth quarter, up 9.3% from the fourth quarter of 2014.

MasterCard Inc., the second-largest U.S. payments network, said fourth-quarter profit rose 11 percent as consumer card spending climbed.

The CFPB has released its latest monthly consumer complaint snapshot, highlighting consumer complaints in December about financial services such as collections, debt settlement and credit repair.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

Pinnacle Financial Partners in Nashville, Tenn., has agreed to buy Avenue Financial Holdings in Nashville.

College Ave Student Loans, an online lender in Wilmington, Del., announced Thursday that it has raised $20 million in equity financing.

Visa Inc., the world's largest payments network, said fiscal first-quarter profit rose 24 percent as consumer card spending increased.

United Bankshares in Charleston, W.Va., reported an uptick in fourth-quarter profit as lower expenses offset lower average yields on earning assets.

Bank of America announced Thursday that it customers can now suspend their debit cards temporarily; it is the first of several new features the bank has planned for 2016 after it tripled its digital banking budget.