A highly volatile stock market may have given you whiplash in 2011. But as the year draws to a close, the final numbers don’t look so dramatic: the S&P 500 is poised to end the year almost exactly where it began, and about as …
Bank of America
Bank of America Shares Fall Below $5 to New 2011 Low
Bank of America, the second largest U.S. bank by assets, fell more than 5% on Monday to below $5 per share for the first time in 2011, and the lowest level since March of 2009. The $5 threshold is more than just a psychological …
Survey: Americans Will Pull $185 Billion Out of Big Banks Next Year
A lot of Americans are ticked off at their banks, and a new survey puts some numbers to that sentiment. Consulting firm cg42 says big bank customers will collectively withdraw $185 billion in deposited funds in 2012, and a total …
Get Ready for Bank-Fee Whack-a-Mole
Bank of America and Chase have abandoned controversial fees that were under consideration. But now banks are quietly calculating which other fees can take their place
How Much Basic Checking at a Big Bank Really Costs
There’s been a lot of media coverage lately about Americans switching from big banks to community banks, credit unions and online banks. That may be a good move for some people, but we’ll come right out and say it: Some consumers …
Bank Transfer Day: The Tally Is In
Americans fed up with their banks voted with their wallets last Saturday, and we finally have some numbers to go along with the anecdotal reports of people ditching their old bank for a better alternative. Credit unions around the country acquired 40,000 new members, and roughly 80 percent of credit unions added members, according to the …
Warren Buffett Is Buying. Is It Time to Celebrate?
It’s possible to over-analyze Warren Buffett’s investment moves. But that doesn’t seem to stop anyone, and the Oracle of Omaha’s latest disclosures are whipping up a stir over prospects for a robust recovery.
Bank Transfer Day, The Day After
650,000 Americans Switched to Credit Unions Last Month
According to a survey conducted by the trade association that represents credit unions, fed-up customers of big banks aren’t waiting until this Saturday’s “Bank Transfer Day” to cash out and take their banking business somewhere else.
Still Reason to Drop Big Banks, Even After They Drop Debit Card Fees
Weeks after stirring up consumer outrage with a proposed $5 monthly fee for debit card usage, Bank of America is now following its big bank colleagues by abandoning plans for the fee. Throughout the debit card fee saga, smaller …
Bank of America Not Charging a Debit Fee After All
After a month-long firestorm in reaction to its plans to charge most customers $5 a month to use their debit cards for purchases beginning next year, Bank of America just announced that it’s abandoning plans for the fee.
Banks Back Off Unpopular Debit Card Fees
Updated Oct. 31, 3:30 p.m.
A month after Bank of America announced plans for a widely derided $5 monthly fee for debit card use, BofA, Wells Fargo and Chase are all backing off their plans to charge for debit card use. It’s a rare about-face prompted by a groundswell of consumer anger. Will it placate furious customers, or is the …
