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Wells Fargo cut its chief executive's compensation about 12% for 2020, a year in which shares tumbled and the company slashed its dividend and reported its first quarterly loss since 2008.
February 1
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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.
February 1
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The company also reported a large fourth-quarter loss that reflected a significant increase in its loan-loss provision.
February 1 -
On Sep. 30, 2020. Dollars in thousands.
February 1 -
MoneyLion, a mobile banking, lending and investment platform, is in talks to go public through a merger with Fusion Acquisition, a blank-check company, according to people with knowledge of the matter.
February 1 -
On Sep. 30, 2020. Dollars in thousands.
February 1 -
The software company in a court filing reiterated its argument that XRP is a virtual currency that doesn't need to be registered.
February 1
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Will Graylin's new company OV Loop wants to use artificial intelligence — including the platform it just inherited with its PayFi acquisition — to connect digital ID to in-app payments, making it easier for banks to work with third-party wallets.
February 1
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Catherine Galicia formerly led the Consumer Financial Protection Bureau's legislative affairs division, and has extensive experience in banking and on Capitol Hill.
February 1
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On Sep. 30, 2020. Dollars in thousands.
February 1
