Bank of America Corp (NYSE:BAC) verified Tuesday that is will this week begin allowing customers to deposit checks with their smart phone and tablet computers, joining other financial institutions in supporting mobile deposits. This report is another indication that the technology, which permits customers to make a deposit by taking a photo of a check and sending it to the bank, is becoming more and more common.
Don’t Miss: Cisco Gets Thumbs-Up For This HUGE BUY.
Nexen Inc. (NYSE:NXY): Ten years ago in Canada, new oil field technologies unlocked tremendous crude oil supplies from the country’s western oil sands deposits. Today, oil companies in the region are toying with technologies that may unlock even more reserves, the Wall Street Journal reports.
Cisco Systems, Inc. (NASDAQ:CSCO) has gained EU regulatory clearance for its $5 billion acquisition of NDS, according to Reuters. NDS is 51 percent owned by Permira, with the remainder controlled by News Corp (NASDAQ:NWSA).
Regions Financial Corporation (NYSE:RF): Allowance for loan losses as a percentage of loans dropped 29 basis points linked quarter to 3.01 percent. At the same time, the coverage ratio of non-performing loans went up two basis points to 1.20x. Reports impressive capital position with a predicted Tier 1 ratio of 11 percent and Tier 1 Common ratio of 10 percent at June 30.
AT&T Inc. (NYSE:T): Despite selling a million more iPhones last year than in the quarter, margins managed to expand following better operating inefficiencies and fewer handset upgrades.
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