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Young People Pessimistic About Financial Futures

These days, 20-somethings aren't just the young and the restless -- they're the young and the anxious. According to The PNC Financial Services Group's Financial Independence Survey, that demographic is full of financial fears.

Goodbye, Free Checking; Hello, New Bank Fees

The era of free checking accounts is coming to an end. Many consumers will face an extra $144 a year in account fees, plus higher dues for their debit cars, and increased ATM charges, too. It's all part of a banking industry backlash against last year's consumer friendly financial reforms.

Cost of 'Twelve Days of Christmas' Items Jumps

Christmas carolers beware: the Twelve Days of Christmas are getting expensive. The cost of all the items in the holiday classic "The Twelve Days of Christmas" jumped to $23,439, an increase of $1,974 from last year.

BlackRock Shares Slide on News of Secondary Offering

BlackRock's stock price fell sharply on Wednesday morning after the global investment management firm confirmed that Bank of America and PNC Financial Services would sell 42 million of its shares in a secondary offering.

Robo-Signing: California Dems Call for Federal Probe

The state's entire House Democratic delegation has asked the Justice Department, the Fed and Controller of the Currency to investigate the widespread -- and growing -- problem of banks presenting faulty documents in foreclosure cases.

Would Rating Downgrades Clip Bank Profits?

Moody's is reviewing 10 large regional banks for possible downgrades because it thinks financial reform means total government support is now less likely. That's setting off a debate about whether those banks will actually take a hit to profitability.