OK, it's Tuesday before Thanksgiving, and we're all starting to think ahead to a long holiday weekend and then the quick windup to the Christmas/New Year's break. Hate to say it, but 2010 is all but here.
So, here's my story: Two weeks ago, the day before Halloween, one of my son's friends goes home from school with a fever, cough, nausea - all the early symptoms of the H1N1 virus, or swine flu.
One of the recurring topics at last week's BAI Retail Delivery Conference & Expo -- in almost all recent conversations about the banking industry, in fact - was social media.
I was stunned and saddened to learn of the sudden death of David Taylor, one of the most prominent thought-leaders on the Payment Card System Data Security Standard (PCI).
Quick heads-up to those of you who will be in the Boston area this week: The BAI Retail Delivery Conference & Expo starts Tuesday at the Boston Convention & Exhibition Center. I'll be in attendance on Weds and Thurs, and I'd welcome the opportunity to meet you.
One of the pleasures of my job is that I get to talk to a lot of people. Bankers, regulators, analysts, security professionals. I enjoy the privilege of speaking to a broad range of thought-leaders and tapping into their insights into the challenges and opportunities of the world today.
And then, through the magic of...
So, how many banking institutions have failed in 2009?
If you pay attention to the popular news media, then your answer is 106. And you'd be partially right. That is the number of FDIC-insured banks to have failed this year - the most in any year since about two President Bushes ago.
I rarely turn on TV news anymore (hey, I live in front of a computer screen!), but twice last week I found myself watching cable news shows, and here's what I saw:
Of all things I was prepared for over the Columbus Day weekend - baseball playoffs, kids' activities, fall foliage - I wasn't prepared for this: A week without bank failures.
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