Saturday, October 29, 2011

Customers Teach Bankers a Good Lesson - Forbes

Customers Teach Bankers a Good Lesson - Forbes: "Greed is an obsession. After being bailed out by taxpayers in 2009, America’s large banks came back in 2011 asking for more. This time, they imposed fees on their customer-depositors, in essence, the people that saved them in the first place. Two months ago, for instance, Bank of America (NYSE:BAC) announced a $5 monthly fee for its debit cardholders–a way for the bank to offset the loss of revenues caused by the Durbin Amendment of Dodd-Frank Act (a reduction in the fee banks can charge merchants from 44 cents to 24 cents per transaction)."

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