Retail & Commercial

Citizens Financial Group in Providence, R.I., reported a 26% increase in quarterly profit thanks to robust lending and lower costs for bad loans.

American Express, down 10% since announcing it would end its U.S. partnership with Costco, has a defender in Discover Financial Services.

Hospital patients felt an increased financial burden in 2014 as medical costs rose while revolving credit became less available, according to a new report.

United Community Banks in Blairsville, Ga., has agreed to buy Palmetto Bancshares in Greenville, S.C.

Pinnacle Financial Partners in Nashville, Tenn., reported higher first-quarter profit on strong lending results.

Fulton Financial in Lancaster, Pa., reported lower first-quarter profit on a decline in net interest income and higher expenses.

Discover Financial Services reported a 7% drop in quarterly earnings on Tuesday, driven by rising expenses, a growing loss provision and shrinking yields in its flagship credit card business.

Customers are dodging deposit fees by hanging onto their extra cash and using apps to more frequently check their balances, denying banks crucial noninterest income.

Arrow Financial in Glens Falls, N.Y., reported a double-digit profit increase in the first quarter as strong loan growth in its three major business lines helped to offset flat noninterest income and higher expense.

Uber Technologies Inc. and Capital One Financial Corp. have joined to give the credit-card issuer's customers cheaper rides on the car-sharing service.