Banking

Bank Watch

Wells Fargo taps Charlotte exec to lead new ethics office

Theresa LaPlaca, a former Wachovia executive, will lead on an interim basis the Office of Ethics, Oversight and Integrity, San Francisco-based Wells Fargo said. LaPlaca, a senior leader in Wells’ Wealth and Investment Management unit, will report to Chief Risk Officer Mike Loughlin, who is based in San Francisco.

Banking

Deutsche Bank, Credit Suisse settle U.S. subprime probes

Deutsche Bank AG and Credit Suisse Group AG agreed to pay a combined $12.5 billion to resolve U.S. investigations into sales of the toxic debt that fueled the financial crisis, putting behind them a major dispute that undermined confidence in the banks and raised questions about their turnarounds.

Bank Watch

BB&T names new president

BB&T Corp. on Wednesday announced its chief operating officer has been promoted to also serve as president of the corporation and its banking subsidiary, Branch Banking and Trust Company.