Intuit Inc., which boasts of being able to turn on a dime, proved it could with its decision to get out of the processing of home banking transactions.

An acquisition that looked so smart just two years ago turned into an albatross. When 40 top executives gathered at Mountain View, Calif., headquarters last month to determine the fate of Intuit Services Corp., the answer quickly became evident.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.