Here's a look at the financial news this morning:
- Following the uproar over Bank of America's plans to charge debit card fees, most other big banks are steering clear of imposing similar charges, the Wall Street Journal reports.
- The worst of the credit crunch might be over - but regulators and banks need to make sure lending to businesses and consumers continues, a Bloomberg editorial argues.
- Stocks are edging lower this morning as excitement over Thursday's European debt deal fades, CNBC.com writes.
- Consumer spending increased in September despite sluggish income growth - but it will be hard to sustain that without stronger income growth going forward, Reuters reports.
- The New York Times analyzes the European debt deal, wondering whether enthusiasm over the latest rescue effort will last longer than the optimism that greeted past plans.
- USA Today lays out five ways the European debt crisis could affect the U.S.
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2 comments:
While the other banks aren't going to charge you for "debit card use", they most certainly are sticking it to you in another way. Try Citibank, charging $10 for your checking account (http://www.forbes.com/feeds/ap/2011/10/03/personal-finance-financials-us-citibank-checking-fees_8714190.html). Sure, there's no "debit card fee" like the "evil" BoA, but they are doing the exact same thing, just with a different title.
While I do not work for BoA, the constant bashing of them around this town is ridiculous. They employ a large part of our tax base and they are no more "evil" than the rest of the F500. So please, in the future, rather than misleading the people, do some research and learn the facts before touting the other banks "not charging fees". You'd be surprised what you will learn by simply reading and not just regurgitating.
- Moose
Moose, please shut up. It's the media and B of A is the flavor of the month. You're only supporting their cause by clicking the link.
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