Sunday, February 12, 2012

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Steven Sloan

JUN 25, 2009 1:00am ET

Fed Under Fire as Hill Steps Up B of A Probe

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As Ken Lewis was considering invoking a "material adverse condition" clause that would have let him abandon the Merrill deal, Treasury Secretary Henry Paulson called Lewis with a message from Fed Chairman Ben Bernanke: Go through with the merger or lose your job.

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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%

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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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