Heard on the Street: Private banks forced to reconsider Facebook’s utility

18 July 2011 | 2 minutes read

Private banks who had hitherto erected firewalls to prevent employees from Twitter and Facebook from their work computers may have to rethink the blanket-ban. Pressed for time, private banking clients are turning to social networking sites as yet another way to stay in touch with their bankers and conduct business. One senior banker who does not wish to be named…

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