banking reform

Bank of America Considers Tiered Fee Structure

Bank of America (BAC) may introduce a tiered fee structure modeled on mobile phone service contracts. Under the proposed scheme, the bank would reward customers who maintain minimum current account balances, use their credit card a certain number of times each month, or do all their banking online, The Financial Times reported. Customers who don%u2019t do these things would be charged more.

Two Years After Lehman:
Still Too Big to Fail

"It felt like the world was on fire," recalls financial writer Andrew Ross Sorkin, whose book Too Big To Fail covers the crisis at its peak. In an interview, he discusses the meltdown, its aftermath, the quest for power on Wall Street and why more regulation is still needed.

Cost of Consumer Protection: Higher Bank Fees?

Proposed financial services reforms will create a new consumer financial protection bureau that will write rules for virtually all financial transactions, including credit cards and mortgages. New rules for debit cards will reduce the costs merchants pay to banks to process debit card transactions. But less revenue for banks may mean more or higher fees to customers.

The Financial Reform Endgame Approaches

One of the key questions facing Congress as it labors to reconcile the House and Senate bills is this: Three years after the financial crisis began, how much risk should America's banks be allowed to take? Not surprisingly, opinions differ greatly.

Senate Democrats Push Financial Reform Through Committee

In less than 30 minutes, the Senate Banking Committee approved major financial service reform legislation by a party-line 13-10 vote, after Republicans withdrew hundreds of amendments, electing to save their fight on the bill when the full Senate takes up the legislation after Easter.

Obama's Bank Bashing May Ignite M&A

President Obama's banking plan is the most far-reaching proposal since the Glass-Steagall Act of 1933, which was meant to safeguard the US financial system. The law separated commercial banking from investment banking, resulting in a spike in dealmaking. Obama's plan is likely to do the same.