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
BNN looks at the prospects of U.S. energy independence, its ramifications for energy policy and the impact on Canada and the rest of the world. Headlin... More BNN looks at the prospects of U.S. energy independence, its ramifications for energy policy and the impact on Canada and the rest of the world. Headline host Howard Green speaks with Michael Levi, fellow, Council on Foreign Relations and author of "The Power Surge: Energy, Opportunity and the Battle for America's Future
Date 30 mins ago, Duration 8:57, Views 0
Video by: Business News Network | For more, go to BNN.ca
Money videos
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The spectre of U.S. energy independence and what it means for Canada: Part...
Date 31 mins ago 8:57Tooltip Information:
The spectre of U.S. energy independence and what it means for Canada: Part One [05-22-13 1:00 PM]Video by:Description: BNN looks at the prospects of U.S. energy independence, its ramifications for energy policy and the impact on Canada and the rest of the world. Headline host Howard Green speaks with Michael Levi, fellow, Council on Foreign Relations and author of "The Power Surge: Energy, Opportunity and the Battle for America's FutureRating: 4Views: 0 -
Mining Valuations Continue to Sink [05-22-13 11:30 AM]
Date 2 hrs ago 6:19Tooltip Information:
Mining Valuations Continue to Sink [05-22-13 11:30 AM]Video by:Description: Private equity may be the last bastion of financial support for global miners of gold and base metals, but at distressed-level prices. A look at how far valuations have slid in 2013 with Ken Hoffman, Sector Head, Global Metals & Mining Research, Bloomberg Research.Rating: 4Views: 49
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Money Matters: Why Building Wealth Isn't a Priority [05-22-13 8:35 AM]
Date 35 mins ago 6:15Tooltip Information:
Money Matters: Why Building Wealth Isn't a Priority [05-22-13 8:35 AM]Video by:Description: A new report suggests building wealth isn't a big priority for most Canadians. CGA Canada found that only 2 in 5 Canadian households were actively involved in accumulating wealth last year. BNN digs into the findings, and what the study tells us about Canadians and their saving habits with, Rock Lefebvre, VP, Research and Standards, CGA Canada.Rating: 4Views: 0 -
Fund Tracker - What's in Your Mutual Fund? [05-22-13 10:45 AM]
Date 2 hrs ago 4:32Tooltip Information:
Fund Tracker - What's in Your Mutual Fund? [05-22-13 10:45 AM]Video by:Description: We're looking at mutual fund opportunities on the home front for this week's edition Fund Tracker. Our guest is Monika Skiba, Senior Portfolio Manager, Manulife Asset Management and Manager of the Manulife Canadian Stock Fund.Rating: 4Views: 70
Have your say
How many credit cards should one person have?
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- 73 %Just one. Credit cards should only be used for emergency situations.
12,698 votes - 16 %As many as you can. Credit cards are a great way to make purchases and get great rewards.
2,834 votes - 11 %None. You should never buy anything on credit.
1,904 votes
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