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JUN 18, 2009 1:00am ET

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Reg Plan Could Force GE, Retailers to Divest Banks

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Retailer-owned credit card banks, already an endangered species, would become extinct under the Obama administration's plan to overhaul financial regulation.

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover

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