First Marblehead Cracks on Sallie News

Shares plunged Monday on fears the student loan processor will lose big customers JP Morgan and BofA after their group buys Sallie Mae

In the view of Wall Street, the $25 billion deal for education lender Sallie Mae has one big loser: First Marblehead (FMD), the loan services outfit that could be squeezed if the two large banks involved in the deal were to take that business in-house.

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