Here's a look at banking and finance this morning:
- Bank stocks were down in premarket trading amid concerns about MF Global Holdings. The Fed barred the broker from serving as a Treasury bond dealer, and the company said it would file for Chapter 11 bankruptcy protection, the Associated Press reports.
- What's going on at Merrill Lynch? Financial News looks at management departures and lackluster performance.
- Analysts are concerned that European banks might not raise enough capital, which could lead them to fail, Bloomberg reports.
- Change.org, the site that hosted the petition against Bank of America's planned $5 debit card fee, says "Score one for customer rebellion" after BofA said it would make it easier to avoid the fee and Wells Fargo announced it would cancel its fee tests.
What do you think? Is the debit card fee on the way out completely?