IndyMac laying off 50 in Austin

American Banker | Tuesday, March 31, 2009

Indymac Resources Inc., a subsidiary of IndyMac Bank, will cut 50 jobs in Austin over the next two months...

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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.

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

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

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