Sunday, February 12, 2012

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John Reosti

MAR 20, 2006 2:00am ET

Leaner Berkshire Hills Ready to Take Revamp to Next Level

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When Berkshire Hills Bancorp's president and chief executive, Michael P. Daly, asked Lawrence A. Bossidy to be the thrift company's chairman in 2002, Mr. Bossidy set one condition. The former General Electric vice chairman and Honeywell chairman and CEO said he had no interest in being part of a sleepy community bank - even if it was in his hometown of Pittsfield, Mass.

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Facebook Moves into Payments

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Survey

Facebook's securities filings show its Facebook Credits digital currency business is exploding. Does it pose a serious threat to banks?

Yes. Facebook Credits threatens to cut off banks from transactions and customer data.

12%

No. A system the enables users to pay for online games and page upgrades is a harmless niche.

32%

Maybe. It depends on whether Facebook makes an aggressive move into ecommerce.

56%

Past surveys

Conferences
& Events

17th Annual Best Practices in Retail Financial Services Symposium
March 11-13, 2012
Boca Raton Resort & Club, Boca Raton, FL

16th Annual National Collections & Credit Risk Conference
March 14-16, 2012
Hyatt Regency New Orleans, New Orleans, LA

6th Annual Mortgage Servicing Conference
April 17-19, 2012
Omni Mandalay Hotel at Las Colinas, Dallas (Irving), TX

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