Bank of America to test new fees

Mar 1, 2012
The bank is reportedly currently testing different fee models -- including monthly charges of anywhere from $6 to $25. This comes after a pushback last year against a $5 monthly debit card fee.
Posted In: bank, Bank of America, fees

J.P. Morgan profits despite its depositors

Feb 29, 2012
J.P. Morgan Chase is posting record profits and opening hundreds of new branches. But most depositors don’t make the bank any money at all.
Posted In: bank, JPMorgan, Chase, banking

My very first at-B.A.T.

Feb 29, 2012
A letter found in the attic tells a story of the ATM's origins.
Posted In: ATM, overdraft, CFPB, bank

Banks to dole out compensation to homeowners

Feb 9, 2012
A settlement has been reached between state attorneys general and five major banks, but the problems of the housing market in the U.S. are far from over.
Posted In: Housing, foreclosure, bank, mortgage, mortgage settlement

States nearing mortgage settlement with big banks

Feb 9, 2012
The Obama administration and nearly every U.S. state are reportedly ready to settle for $26 billion with five of the country's largest banks over allegations of abusive foreclosure practices.
Posted In: Housing, foreclosure, states, bank, mortgage settlement

How about a bi-weekly mortgage payment?

Jan 20, 2012
After refinancing my house with a low-rate, conventional 15-year mortgage, I received an offer to set up bi-weekly or weekly payments. What are the benefits and pitfalls of such a plan? Ron, Richmond Hill, GA
Posted In: mortgage, home, fees, bank

Weekly Wrap: Greece and American banks

Jan 20, 2012
A review of the week's biggest business news. This week: News of a debt deal for Greece and what U.S. bank earnings says about the industry in the future.
Posted In: Weekly Wrap, Wall Street, Greece, bank

Wells Fargo and Citigroup: A tale of two banks

Jan 17, 2012
Wells Fargo announced a 20 percent yearly profit today, making money on its mortgage business. But Citigroup stumbled as trading revenue dips for stocks and bonds.
Posted In: Citigroup, Wells Fargo, bank

Chase earnings signal downturn for financial services

Jan 13, 2012
J.P. Morgan Chase reported its earnings were down 23 percent today. What does this mean for the rest of the big banks?
Posted In: bank, Earnings, J.P. Morgan Chase

Big banks team up against cyber attacks

Jan 10, 2012
Security officials from Morgan Stanley and Goldman Sachs are expected to discuss creating a data center that would be responsible for sifting through mounds of secret bank information to signal whether any cyber attacks could happen.
Posted In: bank, cybercrime