Here's a look at what's news in banking and finance after the long weekend:
- Bank of America CEO Brian Moynihan told employees in a year-end letter that the bank has strengthened its "risk culture" and is looking forward to more improvement in 2012, Bloomberg reports.
- The New York Post calls Bank of America a "three-headed monster," telling executives to get rid of Countrywide and spin off Merrill Lynch.
- The Associated Press has a primer on bank fees to scour your statement for.
- While credit might be tighter for consumers, corporate borrowing is booming, CNBC says.