Team Hedge Fund

” Investors don’t seem at all daunted that Bank of America plans to do away with overdraft fees on debit card purchases. That’s probably because this has been the direction things have been going for a long time. The Journal reports that last year, Bank of America said it would abandon a plan to raise overdraft fees and offered other concessions, like lower daily limits on fees and assistance for unemployed customers, costing the bank an estimated $200 million per quarter.”
Go to Source

Related posts:

1. Banks Expected to Collect $38 Billion in Overdraft Fees in 2009
2. Bank of America reports 25% profit drop
3. Bank of America CEO Candidates ‘Tainted,’ Finger Says
4. Build America Bond Issuers Pay $100 Million Extra in Bank Fees
5. Bank of America to Pay for Merrill Backstop, Faces SEC Trial