DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional or contractual Amounts and fair values for derivatives

The following table presents the total notional and fair values of the Company’s derivatives as of December 31, 2015 and 2014:

($ in thousands)	December 31, 2015						December 31, 2014
	Notional Amount		Fair Value				Notional Amount		Fair Value
			Derivative Assets (1)		Derivative Liabilities (1)				Derivative Assets (1)		Derivative Liabilities (1)
Derivatives designated as hedging instruments:
Interest rate swaps on certificates of deposit	$	112,913	$	—	$	5,213	$	132,667	$	—	$	9,922
Foreign currency forward contracts	86,590		2,365		—		—		—		—
Total derivatives designated as hedging instruments	$	199,503	$	2,365	$	5,213	$	132,667	$	—	$	9,922
Derivatives not designated as hedging instruments:
Foreign exchange options	$	—	$	—	$	—	$	85,614	$	6,136	$	—
Embedded derivative liabilities	—		—		—		47,838		—		3,392
Interest rate swaps and caps	6,494,900		67,215		67,325		4,858,391		41,534		41,779
Foreign exchange contracts	652,993		10,254		9,350		680,629		8,118		9,163
RPA	43,033		—		4		—		—		—
Total derivatives not designated as hedging instruments	$	7,190,926	$	77,469	$	76,679	$	5,672,472	$	55,788	$	54,334

(1) Derivative assets are included in Other Assets. Derivative liabilities are included in Accrued Expenses and Other Liabilities, and Interest-Bearing Deposits.

Net gains (losses) recognized in the Income Statement related to derivatives in fair value hedging relationships

The following table presents the net gains (losses) recognized in the Consolidated Statements of Income related to derivatives designated as fair value hedges for the years ended December 31, 2015, 2014 and 2013:

($ in thousands)	Year Ended December 31,
	2015			2014			2013
Gains (losses) recorded in interest expense:
Recognized on interest rate swaps	$	3,452		$	6,885		$	(9,255	)
Recognized on certificates of deposit	(3,190		)	(6,784		)	9,675
Net amount recognized on fair value hedges (ineffective portion)	$	262		$	101		$	420

Summary of changes in accumulated other comprehensive income (loss) and other gain (losses) recognized in the Statement of Income

The following table presents the gains (losses) recorded in the Foreign Currency Translation account within AOCI related to the effective portion of the net investment hedges and ineffectiveness recorded in the Consolidated Statements of Income for the years ended December 31, 2015, 2014 and 2013:

($ in thousands)	Years ended December 31,
	2015		2014		2013
Gains recognized in AOCI on net investment hedges (effective portion)	$	1,485	$	—	$	—
Gains recognized in foreign exchange income (ineffective portion)	$	880	$	—	$	—

Net gains (losses) recognized in the Income Statement related to derivatives not designated as hedging instruments

The following table presents the net gains (losses) recognized on the Company’s Consolidated Statements of Income related to derivatives not designated as hedging instruments for the year ended December 31,2015, 2014 and 2013:

($ in thousands)	Location in Consolidated Statements of Income	Year Ended December 31,
		2015			2014			2013
Derivatives not designated as hedging instruments:
Foreign exchange options	Foreign exchange income	$	236		$	103		$	653
Embedded derivative liabilities	Other operating expense	(136		)	5			23
Interest rate swaps and caps	Other fees and operating income	65			(1,865		)	1,582
Foreign exchange contracts	Foreign exchange income	4,235			(3,880		)	2,624
Total net income (loss)		$	4,400		$	(5,637	)	$	4,882

Balance sheet offsetting of Derivative assets and liabilities and the respective collateral received or pledged in the form of other finanical instruments, which are generally marketable securities

The following tables present gross derivatives on the Consolidated Balance Sheets and the respective collateral received or pledged in the form of other financial instruments, which are generally marketable securities and/or cash. The collateral amounts in these tables are limited to the outstanding balances of the related asset or liability (after netting is applied); thus instances of overcollateralization are not shown:

($ in thousands)	As of December 31, 2015
	Gross Amounts of Recognized Assets		Gross Amounts Offset on the Consolidated Balance Sheets		Net Amounts of Assets Presented on the Consolidated Balance Sheets		Gross Amounts Not Offset on the Consolidated Balance Sheets
Assets							Financial Instruments				Collateral Received				Net Amount
Derivatives	$	8,733	$	—	$	8,733	$	(5,293	)	(1)	$	(3,068	)	(2)	$	372
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset on the Consolidated Balance Sheets		Net Amounts of Liabilities Presented on the Consolidated Balance Sheets		Gross Amounts Not Offset on the Consolidated Balance Sheets
Liabilities							Financial Instruments				Collateral  Posted				Net Amount
Derivatives	$	78,779	$	—	$	78,779	$	(5,293	)	(1)	$	(73,109	)	(3)	$	377

($ in thousands)	As of December 31, 2014
	Gross Amounts of Recognized Assets		Gross Amounts Offset on the Consolidated Balance Sheets		Net Amounts of Assets Presented on the Consolidated Balance Sheets		Gross Amounts Not Offset on the Consolidated Balance Sheets
Assets							Financial Instruments				Collateral Received				Net Amount
Derivatives	$	12,383	$	—	$	12,383	$	(5,718	)	(1)	$	(3,460	)	(2)	$	3,205
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset on the Consolidated Balance Sheets		Net Amounts of Liabilities Presented on the Consolidated Balance Sheets		Gross Amounts Not Offset on the Consolidated Balance Sheets
Liabilities							Financial Instruments				Collateral  Posted				Net Amount
Derivatives	$	56,493	$	—	$	56,493	$	(5,718	)	(1)	$	(49,948	)	(3)	$	827

(1) Represents the netting of derivative receivable and payable balances for the same counterparty under enforceable master netting arrangements if the Company has elected to net.

(2) Represents $3.1 million and $3.5 million of cash collateral received against derivative assets with the same counterparty that are subject to enforceable master netting arrangements as of December 31, 2015 and 2014, respectively.

(3) Represents cash and securities pledged against derivative liabilities with the same counterparty that are subject to enforceable master netting arrangements. Includes approximately $21.1 million and $12.5 million of cash collateral posted as of December 31, 2015 and 2014, respectively.