Big investors welcomed by Fed; Morgan Stanley shifts top woman executive

The Fed wants to make it easier for investors to own big stakes in banks without triggering oversight; Shelley O’Connor has been named head of the firm's two regulated bank entities.

from American Banker: Feed http://www.americanbanker.com/morning-scan/big-investors-welcomed-by-fed-morgan-stanley-shifts-top-woman-executive

Fifth Third's agenda: Southeastern growth, 'digitization'

Now that the Cincinnati company recently completed its first bank acquisition in over a decade, CEO Greg Carmichael is pushing ahead on tech hires and expansion outside its Midwestern core.

from American Banker: Feed http://www.americanbanker.com/news/fifth-thirds-agenda-southeastern-growth-digitization

U.K. fintech now has war chest to push stateside

The British startup OakNorth sees U.S. community and regional banks as good prospects for its lending technology.

from American Banker: Feed http://www.americanbanker.com/news/uk-fintech-now-has-war-chest-to-push-stateside

Comerica has new CEO for the first time in 17 years

The Dallas company finally made the move that had long been expected: Curtis Farmer succeeds Ralph Babb as chief executive. However, Farmer will still report to Babb, who is now executive chairman.

from American Banker: Feed http://www.americanbanker.com/news/comerica-has-new-ceo-for-the-first-time-in-17-years

FDIC must have full board to rule on BB&T-SunTrust: Sherrod Brown

In separate letters to President Trump and the head of the FDIC, the Senate Democrat said the merger cannot be approved until all five seats of the agency's board of directors are filled.

from American Banker: Feed http://www.americanbanker.com/news/fdic-must-have-full-board-to-rule-on-bb-t-suntrust-sherrod-brown

Institutional clients' deposit shuffle burns custody banks

Money managers, which are critical to the success of State Street and Northern Trust, are aggressively moving cash into higher-rate products.

from American Banker: Feed http://www.americanbanker.com/news/institutional-clients-deposit-shuffle-burns-custody-banks

Fed seeks to clarify bank control framework

The Fed board unveiled a proposal Tuesday to standardize how investors owning less than one-quarter of a bank can determine who holds a "controlling" stake and therefore must register as a bank holding company.

from American Banker: Feed http://www.americanbanker.com/news/fed-seeks-to-clarify-bank-control-framework