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At the Wayfair network of retail brands, more people are using its mobile commerce apps, but only a smaller percentage are on board with using those apps to make purchases.
June 5 -
Hackers based in China breached U.S. Office of Personnel Management computers, according to American officials, stealing records of as many as 4 million current and former federal employees in one of the largest breaches of government personnel data.
June 4 -
First Citizens BancShares in Raleigh, N.C., has hired Brent Ciliano to be its chief investment officer.
June 4 -
PHH Corp. has been ordered to pay $109 million over allegations that it illegally accepted kickbacks on reinsurance premium payments after Consumer Financial Protection Bureau Director Richard Cordray partially overruled a decision previously made by an administrative law judge.
June 4 -
Bank of America will close a back-office facility in a Sacramento, Calif., suburb and outsource some of the office's employees.
June 4 -
The regulatory burden for originators has not only been the main driver of acquisition activity in mortgages but also influences deal structures. Acquirers are looking to craft transactions so they don't get burned by targets' compliance lapses.
June 4
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BancPlus in Ridgeland, Miss., has hired two Morgan Stanley financial advisers to lead its new wealth-management unit.
June 4 - Georgia
STATESBORO, Ga. CORE Credit Union announced Robert "Bob" Clampett has been named president and CEO of the $64-million institution here.
June 4 -
First Capital in Corydon, Ind., has agreed to buy Peoples Bancorp Inc. of Bullitt County in Shepherdsville, Ky.
June 4 -
Federal Reserve Gov. Daniel Tarullo laid out his vision for identifying and addressing any possible risks in the asset management industry, which he said centers around run risks and potential for creating excessive leverage.
June 4
