Retail & Commercial

From Beijing to Paris to Dublin, peer-to-peer lending is blossoming. A quick look at the industry in various parts of the globe.

BB&T in Winston-Salem, N.C., met Wall Street's earnings expectations after reporting revenue rose slightly. The company's second-quarter net income available to shareholders rose 7% from a year earlier, to $454 million. Revenue increased 1.3%, to $2.3 billion.

M&T Bank in Buffalo, N.Y., reported higher quarterly profit that reflected increased fees and higher net interest income.

Citigroup Inc., the third-largest U.S. bank, posted profit that beat analysts' estimates as Chief Executive Officer Michael Corbat showed progress on cutting costs.

A total of 597,589 U.S. properties with foreclosure filings in the first half of 2015, down 13% from the previous six months and down 3% from the same time period in 2014, according to RealtyTrac's Midyear U.S. Foreclosure Market Report.

The combination of swelling deposits and weak loan growth continues to be a tough problem for regional banks. U.S. Bancorp's Richard Davis thinks higher loan growth is just around the corner to solve the problem, but PNC's Bill Demchak fears deposits could flee faster than lending will ramp up.

Bank of America is trumpeting the doubling of its profits in the second quarter as a payoff from its long cleanup efforts. But the results relied mainly on lower legal costs and expense savings, while revenue declined in four key business lines.

PacWest Bancorp, the parent of Pacific Western Bank in Los Angeles, reported earnings of $85.1 million in the second quarter, up 16% from the prior quarter.

Peoples Bancorp in Ohio wants to encourage cross-selling but limits the use of employee incentive payments to make it happen. Instead, Peoples is trying to build a corporate culture in which employees understand all of its products and want to help their colleagues sell them.

Federal Housing Administration endorsements continue to rise following the 50-basis point cut in January.