Thursday, December 8, 2011

Morning roundup: Swipe fee caps hurting retailers?

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

  • Caps on the "swipe fees" merchants pay banks when customers pay with their debit cards - the government regulation that prompted banks to implement controversial debit card fees are hurting some merchants instead of helping them, the Wall Street Journal reports.
  • Shareholders might have to wait even longer for Bank of America and Citigroup to boost their dividends, according to MarketWatch.