Here's what's happening this morning in financial news:
- Bank of America Corp. is "in a tight spot" on debit fees as other banks scrap similar plans, Bloomberg reports.
- U.S. stocks are sliding this morning - led by banks - as Greece's plans for a referendum on its bailout package sparked worries worldwide, the Wall Street Journal writes.
- The Atlantic's Daniel Indiviglio makes a case for the danger of transparency, wondering if Bank of America would have been better off creating new hidden fees.
- Big U.S. banks have increased their sales of insurance against credit losses to holders of European debt, boosting the risk of payouts in the event of defaults, Bloomberg writes.
- Social media users posted more negative opinions than positive about Bank of America and other large banks over the last year, according to a new report from Amplicate.