Kristin Broughton

Two top executives said the scandal-plagued bank has managed to minimize the financial damage and can continue to grow amid some reforms. Yet they acknowledged that the full toll has yet to be realized, and the company announced it had significantly raised its estimated legal exposure.

Fifth Third Bancorp in Cincinnati has named Aravind Immaneni chief operations and technology officer.

TD Bank Group in Toronto will have a new president and chief executive for its U.S. banking unit next summer.

The Cincinnati bank is looking to middle-market lending in the Charlotte area to fuel future expansion, CEO Greg Carmichael says. The timing may be right, given disruption from M&A, as well as the Wells Fargo scandal fallout.

Santander Consumer USA Holdings in Dallas is expected to make a cash payment of about $115 million to its former chief executive, a payment that was prematurely recorded last year due to an error with its accounting.

UMB Financial in Kansas City, Mo., has made changes to incentive compensation for its branch employees.

Third-quarter profits rose at Cullen/Frost Bankers in San Antonio, driven by a lower provision for problem loans.

UMB Financial in Kansas City, Mo., reported higher quarterly profit as it continues to makes progress on a multi-year effort to slash expenses.

CEO Tim Sloan said senior executives made a series of mistakes in response to the phony account scandal, including placing too much of the blame on branch employees.

The planned sale of its aircraft leasing unit is expected to leave CIT awash in excess capital, making it difficult for it to achieve a 10% return on average tangible common equity by 2018. So the company said Tuesday that is bringing in Boston Consulting Group to identify cost cuts and revenue enhancements and help CIT hit its profitability targets.