Classic case of “The market has spoken”?
Good thinkin’, after your customers are angry and leaving.
OWS now has a scalp. Where is this headed next?
BoA is not going to eat this expense. They will just find a less noticeable way to extract it.
Citibank is starting 20 dollar a month fees if you don’t maintain 15k balance. An extra 240 a year for nothing for a lot of people.
“Our customers’ voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so.”
What we will be doing, is working tirelessly to institute a fee and penalty structure that is not as obvious, but much more punishing.
F...... Er, I mean, Thank you very much,
BOA
Durbin jumps up to take credit for this in
5..4..3..2..
For those who wish to know more:
http://www.zerohedge.com/news/guest-post-ten-reasons-not-bank-or-bank-america
If you wish to not go to a blog like some flat earther, then don’t click the links!
Tell the “Occupy” people that they can go home now.