Financial

Federal Reserve approves acquisition of TCF Financial by Huntington Bancshares


WASHINGTON, May 25 (Reuters) – The Federal Reserve said on Tuesday it had approved the acquisition of TCF Financial Corporation by Huntington Bancshares Incorporated .

The decision clears the way for the $6 billion all-stock deal announced in December, which marks a major move by U.S. regional lenders to expand their size. (Reporting by Pete Schroeder; Editing by Richard Chang)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Source: https://www.kitco.com/news/2021-05-25/Federal-Reserve-approves-acquisition-of-TCF-Financial-by-Huntington-Bancshares.html

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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