Shares of Julius Baer stock nosed north sharply yesterday after settlement talks with U.S. officials caused them to announced that the bank has set aside $350 million to pay potential fines related to an ongoing criminal investigation into tax practices. I know: it sounds confusing. Why would shares soar – to an all time high…
Attorney General Eric Holder has announced that no bank is “too big to jail” after Credit Suisse reached a plea deal on conspiracy charges. How will this latest move affect taxpayers?
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,…
