© 2025 Arizent. All rights reserved.

Huntington's whirlwind courtship of TCF

courtship-020521-topten.jpeg
Stephen Steinour, the head of Huntington Bancshares, approached TCF Financial about a merger three days after the latter's CEO abruptly retired. An agreement was sealed in about six weeks.

(Full story here.)

U.S. Bancorp hires wealth management executive from JPMorgan Chase

ford-020521-topten.jpeg
Scott Ford is the new president of the 1,400-employeee wealth management unit that caters to affluent clientele of the Minneapolis company.

(Full story here.)

Ripple fights back against SEC securities complaint

sec-020521-topten.jpeg
The software company in a court filing reiterated its argument that XRP is a virtual currency that doesn't need to be registered.

(Full story here.)

Acting CFPB chief signals tougher stance against redlining

uejio-020521-topten.png
After the agency pulled back on fair-lending enforcement in the Trump administration, interim Director Dave Uejio has made clear his intent to use the "disparate impact" standard to launch more anti-discrimination probes.

(Full story here.)

USAA names bank president, plucks new risk chief from Citigroup

usaa-020521-topten.jpeg
The San Antonio-based company has promoted Paul Vincent to president of its banking unit. Neeraj Singh, previously chief risk officer for Citi's U.S. consumer bank, has joined the parent company as chief risk officer.

(Full story here.)

TD Bank consolidates business lending

giamo-020521-topten.jpeg
The U.S. unit of Toronto-Dominion Bank merged its corporate and specialty team with its commercial banking group, putting the fast-growing operations under the same leadership.

(Full story here.)

How Democrats could gain control of FDIC's agenda

fdic-020521-topten.png
Trump appointee Jelena McWilliams is slated to be the agency's chair until mid-2023. But legal experts say a provision in the FDIC's bylaws gives Democratic members of the governing board, now in the majority, an opening to reverse earlier rules championed by Republicans.

(Full story here.)

Managing excess liquidity getting tougher for banks

second-020521-topten.jpeg
Comerica, Citizens Financial and other companies are buying up securities, paying off high-cost borrowing and trying to develop specialty lending niches. But loan growth remains weak, and the likelihood of extreme volatility in deposits makes it hard to plan ahead.

(Full story here.)

Fed more bullish on launch of real-time payments service

montgomery-020521-topten.png
The central bank aims to roll out FedNow sometime in 2023, which is more optimistic than its previous timetable. The official leading the project noted progress in developing the infrastructure and its compatibility with private-sector solutions.

(Full story here.)

'The second way' to close the wealth gap

gap-020521-topten.png
The pandemic has decimated small businesses, and minority-owned firms have been hurt the most. How can banks and regulators jump-start the small-business economy?

(Full story here.)
MORE FROM AMERICAN BANKER