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Banking & Finance: Americans Use Credit Cards More in Second Quarter | November 2, 2016

Americans Use Credit Cards More in Second Quarter

WASHINGTON – Americans used their credit cards to spend more during the second quarter. That and a tighter labor market reflect a strengthening economy, the American Bankers Association reported Tuesday. The Credit Card Market Monitor of the bankers association shows that during April, May and June, purchase volumes were 5.1% higher than the same quarter […]

Banking & Finance: FirstMerit Acquisition Reduces Huntington Earnings | October 27, 2016

FirstMerit Acquisition Reduces Huntington Earnings

COLUMBUS, Ohio – Huntington Bancshares Inc., holding company of Huntington National Bank, Wednesday reported third-quarter net income of $127 million, or 11 cents per diluted share. This compares to second-quarter net income of $175 million, or 19 cents per share, and third-quarter 2015 income of $153 million, or 18 cents a share. Huntington closed on […]