Morning roundup: Bank transfers and the global economy

A look at what's going on in banking news this morning:

• Small banks poached customers from larger competitors over the weekend as part of "Bank Transfer Day" - but big banks don't seem too worried, the Wall Street Journal reports.

• TheStreet examines bank transfers and "why Bank of America really killed its card fee."

• Bank of America is considering further reducing its stake in China Construction Bank Corp., Reuters reports.
  

• Do big banks rule the global economy? The New York Times' Economix blog explains how a large portion of control resides with a small core of financial institutions.

• Time profiles the 22-year-old who led the charge against BofA's debit fee.