Allison Bisbey

Lenders don't have to follow the new industry guidelines for representations and warranties about mortgages they sell, but they may save money by doing so — if private securitization ever revives.

Systemic risk is coming to a bookstore near you."Union Atlantic," a forthcoming novel by Adam Haslett, tells the story of a (fictional) president of the New York Fed who tries to prevent a market meltdown after the collapse of a (fictional) bank the Fed regulates. The book got a glowing write-up in the current issue of Esquire, which compared it to the sweeping works of Norman Mailer and Tom Wolfe.

Now that many companies sitting in private-equity portfolios are going bankrupt or are on the brink of a court-supervised workout, will the broader public aim its ire at the PE industry?

Anne Finucane, BofA's global chief strategy and marketing officer, has an outsized role at the company. Whether its brand positioning, marketing, or communications across all lines of business, Finucane is the go-to voice of the banking giant.