Thursday, December 15, 2011

Morning roundup: Banks making fees easier to understand

Here's what's happening this morning in banking and finance news:

  • A big bank and two credit unions are making checking account fees easier to understand, Reuters reports. JPMorgan Chase & Co., the Pentagon Federal Credit Union and the N.C. State Employees' Credit Union are presenting the fees in shorter, simpler tables.

  • Check out which financial institutions make Bloomberg's list of the worst stocks in 2011.

  • The Securities and Exchange Commission wants to fight the federal judge who thinks the agency has been too lenient on big banks, the Wall Street Journal writes. SEC leaders might vote to appeal the judge's rejection of a proposed settlement between the agency and Citigroup Inc., people familiar with the situation told the Journal.

  • ProPublica's Jesse Eisinger also weighs in on the SEC, wondering whether the agency is being too timid when it comes to the financial crisis.

  • The Street argues that the worst is yet to come for Bank of America.