DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of notional and fair values of derivatives

The following table presents the total notional and fair values of the Company’s derivatives as of September 30, 2016 and December 31, 2015:

($ in thousands)	September 30, 2016						December 31, 2015
	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	$	48,365	$	—	$	2,137	$	112,913	$	—	$	5,213
Foreign currency forward contracts	83,026		—		78		86,590		2,365		—
Total derivatives designated as hedging instruments	$	131,391	$	—	$	2,215	$	199,503	$	2,365	$	5,213
Derivatives not designated as hedging instruments:
Interest rate swaps and options	$	7,450,492	$	144,293	$	146,623	$	6,494,900	$	67,215	$	67,325
Foreign exchange contracts	605,439		6,065		3,334		652,993		10,254		9,350
RPAs	66,845		—		8		43,033		—		4
Total derivatives not designated as hedging instruments	$	8,122,776	$	150,358	$	149,965	$	7,190,926	$	77,469	$	76,679

(1) Derivative assets are included in Other assets on the Consolidated Balance Sheets. Derivative liabilities are included in Accrued expenses and other liabilities and Interest-bearing deposits on the Consolidated Balance Sheets.

Schedule of net gains (losses) recognized on the Consolidated Statements of Income related to derivatives designated as fair value hedge

The following table presents the net gains (losses) recognized on the Consolidated Statements of Income related to the derivatives designated as fair value hedges for the three and nine months ended September 30, 2016 and 2015:

($ in thousands)	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
(Losses) gains recorded in interest expense:
Recognized on interest rate swaps	$	(1,327	)	$	4,616		$	3,044		$	5,336
Recognized on certificates of deposit	674			(4,247		)	(2,688		)	(4,647		)
Net amount recognized on fair value hedges (ineffective portion)	$	(653	)	$	369		$	356		$	689

Schedule of gains (losses) related to net investment hedges in accumulated other comprehensive income (loss) and Consolidated Statements of Income

The following table presents the gains recorded in the Foreign currency translation adjustment account within AOCI related to the effective portion of the net investment hedges and the ineffectiveness recorded on the Consolidated Statements of Income for the three and nine months ended September 30, 2016 and 2015:

($ in thousands)	Three Months Ended September 30,					Nine Months Ended September 30,
	2016			2015		2016			2015
Gains recognized in AOCI on net investment hedges (effective portion)	$	69		$	—	$	296		$	—
Losses recognized in Foreign exchange income (ineffective portion)	$	(236	)	$	—	$	(667	)	$	—

Schedule of net gains (losses) recognized on the Consolidated Statements of Income 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 three and nine months ended September 30, 2016 and 2015:

($ in thousands)	Location in Consolidated Statements of Income	Three Months Ended September 30,					Nine Months Ended September 30,
		2016		2015			2016			2015
Derivatives not designated as hedging instruments:
Interest rate swaps and options	Other fees and operating income	$	411	$	(864	)	$	(2,219	)	$	(243	)
Foreign exchange contracts	Foreign exchange income	3,787		(3,764		)	10,982			(1,548		)
RPAs	Other fees and operating income	4		—			(8		)	—
Foreign exchange options	Foreign exchange income	—		—			—			236
Embedded derivative liabilities	Other operating expense	—		—			—			(136		)
Net gains (losses)		$	4,202	$	(4,628	)	$	8,755		$	(1,691	)

Schedule of gross derivatives on the Consolidated Balance Sheets and the respective collateral received or pledged in the form of other financial instruments

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 September 30, 2016
	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	$	3,811	$	—	$	3,811	$	(2,560	)	(1)	$	(1,155	)	(2)	$	96
	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	$	151,442	$	—	$	151,442	$	(2,560	)	(1)	$	(148,102	)	(3)	$	780

($ 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

(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 $1.2 million and $3.1 million of cash collateral received against derivative assets with the same counterparty that are subject to enforceable master netting arrangements as of September 30, 2016 and December 31, 2015, respectively.

(3) Represents cash and securities pledged against derivative liabilities with the same counterparty that are subject to enforceable master netting arrangements. Includes approximately $51.1 million and $21.1 million of cash collateral posted as of September 30, 2016 and December 31, 2015, respectively.