Pay for your money
9 of 9
Pay for your money
In 2011, as the American economy continued to struggle, banks – mighty though they may be – were looking to squeeze money from anywhere they could. So it was, then, that Bank of America CEO Brian Moynihan oversaw the introduction of a $5 monthly fee for customers with debit cards, reasoning the bank and its shareholders had “a right to make a profit.” The unfortunate language, whether justified or not, made already mad customers see red, and the bank was swarmed with complaints and outrage over the new fee. After competitors like Wells Fargo backed off similar debit card charges, BofA did the same, withdrawing the fee less than a month after it was announced. Many clients, were the fee not overturned, had threatened to pull their money out of the bank and place it in a credit union.
* Video: Why I keep buying RIM
India is preparing to reveal its GDP statistics for the year from April 2012 and March 2013, with official estimates suggesting growth for the period w... More India is preparing to reveal its GDP statistics for the year from April 2012 and March 2013, with official estimates suggesting growth for the period was around 5%.
Date 15 hrs ago, Duration 3:44, Views 104
Video by: BBC World News | For more information on this story go to the BBC.com website More BBC World News
Money videos
-
The Weekly Wrap [05-24-13 5:30 PM]
Date 13-05-24 3:26Tooltip Information:
The Weekly Wrap [05-24-13 5:30 PM]Video by:Description: BNN Markets Commentator Andrew McCreath wraps up this week in markets.Rating: 4Views: 735 -
Time to short Canada? An American view: Part One [05-24-13 1:00 PM]
Date 13-05-24 9:00Tooltip Information:
Time to short Canada? An American view: Part One [05-24-13 1:00 PM]Video by:Description: Is it time to short Canada or are there still good investments to be made? BNN asks a panel of American investors: TJ Connelly, Principal, Contingent Macro Advisors; Alec Young, Global Equity Strategist, S&P Capital IQ; Maria Fiorini Ramirez, President & CEO, MFR Inc.Rating: 4Views: 374
-
A.G. Lafley to return to P&G [05-24-13 2:30 PM]
Date 13-05-24 5:56Tooltip Information:
A.G. Lafley to return to P&G [05-24-13 2:30 PM]Video by:Description: Active investor, Bill Ackman is not happy with P&G under its current CEO Robert McDonald's leadership. The multinational consumer goods company is bringing back the former CEO A.G. Lafley to revive the company's dominance in the consumer goods industry. To find out more, we spoke with Jeffrey Sonnenfeld, Senior Associate Dean and Professor, Yale School of Management.Rating: 4Views: 276 -
Not Enough Bidders for the Oil Sands [05-24-13 11:30 AM]
Date 13-05-24 6:48Tooltip Information:
Not Enough Bidders for the Oil Sands [05-24-13 11:30 AM]Video by:Description: BNN speaks with Dirk Lever, CA Managing Director, AltaCorp Capital who says the strict federal regulations on asset purchases in the oil sands has limited the bidding pool of potential buyers.Rating: 4Views: 373
Have your say
How many credit cards should one person have?
Thanks for being one of the first people to vote. Results will be available soon. Check for results
- 73 %Just one. Credit cards should only be used for emergency situations.
13,403 votes - 16 %As many as you can. Credit cards are a great way to make purchases and get great rewards.
2,992 votes - 11 %None. You should never buy anything on credit.
2,017 votes
Total Responses: 18,412
Not scientifically valid. Results are updated every minute.
