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Wells Fargo

Bank Of America Officially Ditches Debit Card Fees

1 November 2011

Ah, insanely crazy debit fees, we hardly knew ye… Earlier this year, Bank of America announced plans to charge debit card customers a $5 monthly fee for simply existing and then tried to pass off the fees as a tax. The backlash was swift and painful. Just last week, Bank of America’s competitors, Chase and [...]

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Big Banks Switch Course on Debit Card Fees

29 October 2011

I was wrong. There, I said it. I was absolutely convinced that Bank of America‘s plan to charge its own customers fees for using their own debit cards would stick. I was also convinced that Bank of America’s competitors, Chase and Wells Fargo, would jump on the customer gouging bandwagon. After all, it’s happened before, [...]

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Bank of America Debit Card Fees Slammed as “Durbin Tax”

4 October 2011

I know I’m dating myself but I remember when people used to pay for purchases in cash and occasionally, with checks. Not so much anymore. Now, debit cards are all the rage. You know the ones (of course, since you likely have one). They look and function much like credit cards – only except instead [...]

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Big Banks Move On… With a Little Help from Their Friends?

15 December 2009

Wells Fargo announced early this week that it will repay $25 billion received under the Troubled Asset Relief Program (TARP). The announcement comes on the heels of a similar announcement from the Bank of America. Citibank rushed to join the ranks of those banks committed to repaying TARP funds over the next few months. So, [...]

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PNC and Other Banks Benefit from Bad Debts

3 November 2008

Boy, am I glad that the government pumped billions of dollars into the banking industry! Since that time, borrowing has become significantly easier. Wait, that hasn’t happened? Well, at least the Dow regained its faith in the market. Wait, that didn’t happen either? What did happen? Oh yeah, banks made more money. Need proof? I [...]

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