Citizens names commercial-banking head as McCree retires

Don McCree is retiring after 10 years with the bank. Ted Swimmer, most recently the bank’s head of capital markets and advisory, has taken McCree’s former post.

FDIC moves to limit penalty-bearing actions

A proposal Tuesday would instruct examiners to issue warnings or fines against banks only for matters that materially affect an institution’s risk of failure, or would cost the Deposit Insurance Fund.

It’s not you, it’s the spreadsheet.

Fifth Third to acquire Comerica for $10.9B

The deal, expected to close by March, will create a $288 billion-asset bank among the nation’s 10 largest.

Coinbase pursues OCC trust charter

Coinbase has been mulling such a move since April. Since then, other crypto firms such as Circle, Ripple and Paxos have applied for a national trust charter.

Citi has a competing bid for Banamex

Grupo Mexico, a onetime front-runner for Citi’s Mexico retail presence, disclosed a bid to one-up billionaire Fernando Chico Pardo’s play for a 25% stake, and would purchase the rest, too. Citi, however, said it hadn’t received it.