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Bank investors may be softening their antipathy for long earn-back periods. When Union First Market Bankshares promised five years of dilution but a big boost to earnings from its deal for StellarOne, its stock declined only a little.
June 10
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Barry Sommers, the new head of JPMorgan Chase's consumer bank, spent most of his career selling wealth-management services. Now he says he's ready to serve the bank's less-affluent customers.
June 10 -
Apple's one nod to payments during its keynote address at this year's Worldwide Developers Conference is its plan to store users' credit card info in a new iCloud keychain for online shopping.
June 10 -
Community banks can't cost cut their way to prosperity, though it certainly is a step in the right direction, a recent Fiserv study found.
June 10
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PNC Financial Services Group is latest bank that plans to do away with free checking.
June 10 -
The National Security Agency's PRISM surveillance program has sparked a major outcry over phone monitoring, but the less-publicized government accumulation of credit card and other payments data can provide far more granular intelligence, according to payments experts.
June 10 -
Microsoft confirmed that the company will eliminate Microsoft Points, its digital currency, in favor of pricing digital content in local currencies.
June 10 -
A top executive at Heartland Financial in Dubuque, Iowa, is leaving for a job in the manufacturing sector.
June 10 -
A sales pitch from Bank of America implies that its refinancing offer is in the borrower's best interest. Never mind that it would raise the customer's interest rate and add 10 years to the overall life of the loan.
June 10
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Pennsylvania Dutch country could get the first de novo bank to open in the U.S. in more than two years.
June 10
