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peHUB First Read

Five big banks expect to plead guilty to felony charges but punishments may be tempered.

AOL CEO Tim Armstrong stands to get $180 million in Verizon deal.

Samsung paid around $250 million for LoopPay, its Apple Pay competitor.

Surveillance reform bill clears house only to face obstacles in Senate.

Hackers are draining bank accounts via the Starbucks app.

U.S. SEC examiner cites more problems in private equity sector.

Wal-mart is reportedly launching a subscription shopping service to take on Amazon.

The man behind the Apple Store says his new, on-demand tech company will be a part-time workers’ paradise.

Google communications and policy head Whetstone takes over similar job at Uber.

Australia threatens to kill Johnny Depp’s dogs.

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Banc Funds holds $416 mln interim close for Fund IX.

Pomona launches secondary fund with minimum commitment of just $25K.

Not everyone in the crowd thinks SEC rule change is a good thing.

Photo courtesy of Andrea Raffin/