Bank of America plans to pay its employees special bonuses for a third straight year after reporting record earnings in four of the past five quarters.

Mastercard is aggressively building a business payments ecosystem as it keeps an eye on political headwinds it has little control over.

Division is making progress, helped by a rise in branded credit cards; about 200 bankers in agriculture and energy lending let go in recent months.

The Delaware company recently learned of a disputed transaction that could take a bite out of future earnings.

The credit card issuer, which recorded an 11% decline in net income last quarter, took one-time charges in connection with a U.K. sales scandal, the start of a new partnership with Walmart and a recent data breach.

Banks have been pressured to improve diversity in leadership; Visa reports higher volume while PayPal says Venmo now contributing.

Visa is becoming more reliant on the businesses that it could have easily considered rivals just a few years ago.

The combination of low unemployment, rising wages and falling interest rates means more households are taking out loans for big-ticket items like speedboats and mobile homes.

The online lender posted a profit for the sixth consecutive quarter, as higher margins helped offset a decline in loan originations.

PayPal announced a record-breaking quarter on multiple fronts including overall growth in total payment volume , yet one issue still dogs PayPal — it loses money on the majority of Venmo users.

Facebook CEO says the company won’t purse Libra anywhere if U.S. regulators disapprove; the agency says “guidance” was actually “rules.”

Midsize players like BankUnited, BOK and Fulton Financial plan to rely on selective M&A, catering to niches overlooked by big banks, aggressive recruitment of commercial lenders and other strategies to stimulate revenue growth.

Investors are looking to understand the potential impact from the upcoming loss of eBay Inc.’s business.

Huntington Bancshares and U.S. Bancorp also said in recent days that they are eliminating jobs to reduce overhead and improve profits. With net interest margins shrinking and branch traffic continuing to decline, expect more banks to follow suit, analysts say.

Executives say they are passing on more loans as bank and nonbank competitors cut rates and forgo traditional safeguards.

It has already been modifying more problem loans and investing in efforts to recover charged-off loans, and now the credit card lender is ready to tighten underwriting in case the economy weakens.

The company says the upgrade will support future digital investments. It also said Tuesday that third-quarter profits climbed 8% but reported a sharp increase in criticized business loans.

Amid concern that an economic downturn is approaching, Greg Carmichael said that banks need to focus on credit quality and not worry about expanding their balance sheets.

The Columbus, Ga., company had been counting on increased volume to offset a squeeze in net interest margins.

Ellen Alemany said that CIT's deal for Mutual of Omaha Bank will immediately lower the bank's deposit funding by 20 basis points. She also reiterated that the acquisition would make CIT more attractive to potential buyers.