He noted that it "helps" banks like Wells that are not deeply entrenched in the business.
But it also helps banks that own trillions in real estate assets that the government is propping up.
Hundreds of banks now have similar versions, thanks to BancVue, a company that helps banks set them up.
Its core product is a platform that helps banks and developers work together.
SizeUp (U.S.A).: SizeUp helps banks better serve their small business customers.
Today IBM purchased IRIS Analytics, a firm that helps banks detect fraudulent use of credit cards using machine intelligence.
Relay Networks, for instance, helps banks and insurers securely communicate via texts and a mobile web portal.
A payment network, like Visa or MasterCard, helps banks "talk" to each other.
Stalling helps banks while they pressure Congress to bail out failed mortgages with taxpayer dollars.
[Page C2.] Bank of America Profits Increase Strong mortgage lending and investment banking helped Bank of America increase profits by 4percentt in the fourth quarter.
That helped Bank of America shares climb by 31percentt in the first half of this year, and First Union by 26percentt.
