Ohio

Siemens Mobility has announced it’s working with Bytemark, a company Siemens partially owns, to develop a payment solution enabling riders to pay once for a trip across the city using multiple public and private modes of transit, from buses to scooters.

The industry has long worried that the ability-to-repay rule gives borrowers an avenue to fight foreclosure, but one plaintiff’s experience may discourage others from trying.

Ancora Advisors also suggested that the company get rid of its current management team.

The Cleveland regional said the matter is tied to a commercial client and that law enforcement is investigating it.

These programs are allowed in a majority of states, but only a small portion of credit unions offer them. That may change as the need for deposits grows and consumer expectations shift.

The Cincinnati bank could add about $30 million a year in noninterest income with its deal for the capital markets firm Bannockburn Global Forex.

The Michigan-based institution is one of a handful of credit unions that have bought or announced deals to acquire banks over the last two years.

Eric Meilstrup, who was named president last fall, will succeed Steve Foster as CEO next month.

Stephen Steinour said it was pure conjecture that Huntington was a possible suitor for the Dallas bank if it decides to put itself up for sale at some point. He emphasized Huntington's core-growth strategy and upbeat economic signs from consumers and businesses.

The bank is investing more in its digital capabilities, according to The Cincinnati Enquirer.