1. Bank of America to Start Charging Debit Card Fee
... $5 monthly fee on Thursday, September 29th, Bank of America has received great backlash from the angered customers. In fact, Bank of America, which is the largest bank in America by deposits, saw its stock plummet 2 percent on Friday morning, adding to the 56 percent decrease the bank's stock has experienced this year. Shares are down 44 percent for the quarter. Additionally ... , the bank faces multibillion-dollar lawsuits and financial losses from its questionable mortgage practices during the housing boom (Halzack). Bank of America's decision stems from Senator Richard Durbin's bill t...
- Word Count: 395
- Approx Pages: 2
- Has Bibliography