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By Robert Barba
FEB 4, 2010 7:16pm ET

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Failed-Bank Owners Sue FDIC, Alleging It's Fickle

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Pethinaidu Veluchamy, a Chicago entrepreneur, is suing the FDIC to win back capital he invested in Mutual Bank in Harvey, Ill., in the months before it failed.

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Facebook Moves into Payments
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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.
No. A system the enables users to pay for online games and page upgrades is a harmless niche.
Maybe. It depends on whether Facebook makes an aggressive move into ecommerce.

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17th Annual Best Practices in Retail Financial Services Symposium
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Omni Mandalay Hotel at Las Colinas, Dallas (Irving), TX
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