Banking

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

Some vendors have begun offering authentication platforms through which biometrics and other authentication tools can be plugged into any or all channels. TD Bank is sold on this concept, but others are not completely sure.

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.

Mary Lynn Lenz shares some insight on M&A challenges and turnaround success, Sallie Krawcheck says Wall Street diversity can't get worse and Ginni Rometty explains why IBM bought Promontory.

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.

The company recently received Fed approval to increase its ownership in Carter to 9%.

Any economic environment, including this one, has risks but it is unclear whether banks are sufficiently worried about what lies ahead.

Payment companies' efforts to modernize by connecting systems through partnerships and acquisition has invariably caused a chain reaction of competitive issues in the eyes of regulators.

The Consumer Financial Protection Bureau on Wednesday warned about the risks of the online debt sales, alleging that sensitive personal and financial information is available in some instances to any visitor to a debt marketplace website.

Salisbury Bancorp in Lakeville, N.Y., has agreed to buy a branch from ES Bancshares in Newburgh.

Huron Community Financial Services in East Tawas, Mich., is getting ready to offer insurance products.

Financial innovation will stall unless we, as an industry, collaborate on a universal data gathering standard.

First Business in Wis. to consolidate bank charters-

Mnuchin to divest; fintech firms may be able to get bank charters

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: JetBlue's onboard Wireless migration's complete; Android Wear 2.0 gets closer; Belgium wants Brexit collaboration; Stripe and Payoneer score big in VC.