By Matt Ackermann

NOV 4, 2009 3:41pm ET

BNY Mellon Names Alt-Investment CEO

Bank of New York Mellon Corp. has promoted Brian Ruane to the newly created position of chief executive of alternative investment services.

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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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