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Bank of America, Citigroup and JPMorgan Chase have even more reason to hold back on lending and consider more sales of noncore units after Moody's lowered their credit ratings.
June 22 -
SNL Financial's ranking of the 10 biggest bank and thrift deals since Jan. 1, 2010, reminds us that some acquisitions demand a lot of short-term pain to get them approved, and to integrate them for long-term gains.
June 22
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Robert C. Grubic, the CEO of a civil engineering firm Herbert, Rowland and Grubic, has been named the chairman of Mid Penn Bancorp (MPB) of Millersburg, Pa.
June 22 -
Sometimes the tail wags the dog. That seems to be the case with the payments Goliath MasterCard, which has started taking mobile payments cues from relative pipsqueaks, like PaidPiper, a six-month-old San Francisco outfit with all of 10 employees.
June 22 -
A federal judge on Thursday approved a $40 million mortgage-backed securities settlement in a class-action lawsuit against former employees of Lehman Brothers
June 22 -
A month after calling off a planned public offering, Customers Bancorp in Pennsylvania, led by former Sovereign CEO Jay Sidhu, will bring in $100 million in capital by acquiring Acacia Federal Savings.
June 22 -
Mobile wallet mania is experiencing another surge that some consider overblown.
June 22 -
The credit card tech provider Paynet Systems has added a tool to its Credit Card Machine app that allows merchants to request reviews on social media at the end of a transaction.
June 22 -
Banks are increasingly trying to hire, and talking about hiring, military veterans, hoping that giving jobs to war heroes will help repair the industry's reputation.
June 22 -
Positive credit card charge-off trends resumed during May as the average charge-off rate for credit card receivables in securitized trusts fell, reaching its lowest point since October 2007, Moody's said June 22.
June 22
