Morning roundup: BofA loses exec to rival, banks flush with cash

Here's a look at what's news in banking and finance this morning:

• PNC Financial Services poached a top Bank of America advisor when it hired Michael Lyons, the Wall Street Journal reports.




• It might not sound like a problem, but banks now have too much cash and not enough to do with it, the New York Times says.




• Investment bankers are finding out there's life beyond Wall Street, especially in the Midwest, the Wall Street Journal reports.




• By blocking access to store entrances, the Occupy Wall Street protestors are actually hurting small businesses, Bloomberg reports.




• The big banks are finally getting into the social media game, reaching out to customers on Facebook and Twitter, the Wall Street Journal says.