Career moves

Wells Fargo appears to be outpacing its rivals in the API race; CFPB's unexpected showdown with Citizens; Varo gets vital FDIC OK for bank charter; and more from this week's most-read stories.

Gene Foley joined Harvard University Employees CU as a teller in 1979 and has been CEO since 1994.

Section 705 FCU, originally chartered to serve postal employees, has a new chief executive following the retirement of its longtime CEO.

Connie Roy plans to retire from the Louisiana-based institution this fall after two decades at the helm.

Bank will have more business lines, all reporting to the CEO; a research paper says the accounting rule could result in eased capital rules.

Mike Weinbach will lead consumer lending as part of a reorganization that will change the responsibilities of three longtime bank executives.

M&T hires Aarthi Murali away from JPMorgan Chase as its customer experience chief; when a small town loses its only bank; why more banks are ditching their legacy core vendors; and more from this week’s most-read stories.

Tidjane Thiam submits his resignation; the two agencies said they will soon start accepting mortgages tied to the new rate and drop Libor by yearend.

Michael Cleary will report to Scott Powell, who had been his boss at Santander Bank.

The bank’s top shareholders want the chairman to quit if he won’t support the CEO; HSBC expected to go forward with job cuts while searching for permanent boss.