Friday, March 2, 2012

Bank of America Trys Again

MSNBCFox News and the Wall Street Journal all have stories on Bank of America's plan to impose fees on many more account holders. The Fox News and WSJ articles have the same lead paragraph. "Bank of America Corp. is working on sweeping changes that would require many users of basic checking accounts to pay a monthly fee unless they agree to bank online, buy more products or maintain certain balances."

BOA seems really desperate to keep funding those executive bonuses. I expect smaller banks and credit unions will benefit more from this scheme than will BOA shareholders.

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