Report: Bank of America delays higher account fees
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NEW YORK (AP) — Bank of America is postponing an increase in monthly fees for checking accounts, according to a report in The Wall Street Journal.
The paper cited unnamed people familiar with the bank's plans saying that the new fees would be delayed until at least late next year.
T. J. Crawford, a spokesman for the Charlotte, N.C. bank, had no comment on the story Saturday.
Bank of America Corp. has been testing new fees in a pilot program in Georgia, Massachusetts and Arizona. The bank has been charging between $6 and $25 per month depending on the type of account and level of service.
Banks are moving to collect more in fees as low interest rates make it harder to make money from lending.
Monday, May 20 2013 11:17 AM EDT2013-05-20 15:17:26 GMT
Seamless North America and GrubHub say they're combining to create an online food ordering service covering more than 20,000 restaurants in 500 cities across the U.S.
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Actavis is buying Warner Chilcott in an all-stock transaction valued at about $8.5 billion which would create the third-biggest specialty pharmaceutical company in the U.S.
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The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief.
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Some lucky person walked into a Publix supermarket in suburban Florida over the past few days and bought a ticket now worth an estimated $590.5 million — the highest Powerball jackpot in history.
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(AP Photo/Charles Dharapak)
The Treasury Department's top investigator for tax matters is telling Congress that he is still investigating whether outside political pressure caused the Internal Revenue Service to improperly target conservative groups.
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