With some estimates suggesting that Facebook might hit a billion users by 2012, Thomas Power has an interesting thought – if Facebook becomes a bank, it could become the world’s large peer-to-peer lending network that could wipe out the existing banks.

You may also like:

  1. HDFC Bank acquiring Centurion Bank of Punjab, shape of things to come ahead
  2. Axis Bank – transforming UTI Bank into a global modern bank
  3. ICICI Bank raises balance requirement to maintain a Savings A/c
  4. SBI looking to add an ICICI Bank to its kitty
  5. Citi top foreign bank, HDFC maintains HDFC Bank stake – Is consolidation on cards?