Here's a look at what's news in banking and finance this morning:
- Bank of America CEO Brian Moynihan collected stock options worth about $6 million, disclosed last week. While investors might wish the pay was lower considering the bank's performance in 2011, The Motley Fool says the amount is significantly lower than the bank's peers are paying their executives, and says BofA made the right decision.
- Bank of America's stock rebound continues to be the talk of the financial world on an almost daily basis. Bloomberg reports today that an investment firm CEO says it's not too late to get in on the bank's rise.
- The Consumer Financial Protection Bureau is turning its attention to overdraft fees, requesting data from the country's largest institutions, the Wall Street Journal reports.
- Four bank fees "you should never tolerate," according to the Christian Science Monitor: Monthly account fees, check cashing fees, account maintenance fees and minimum balance fees.
- Wells Fargo is buying another loan portfolio from a European bank, this time an energy lending business from France's BNP Paribas, Reuters reports.
- The much-discussed Volcker Rule could have the effect of reinstating the division between commercial banks and investment banks, a distinction broken down after the repeal of Glass-Steagall, The New York Times says.