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Oct 5, 2011 · Bank of America's announcement last week that it would charge a $5 monthly fee for debit card usage really riled up some of its customers. With the news still fresh, CNBC's Larry Kudlow...
Oct 6, 2011 · Moynihan said the fee was necessary in order to have the "ability to be profitable" in a new banking environment with increased regulations, including a cap on the the debit card swipe fees banks charge merchants, according to CNN Money.
Oct 5, 2011 · Bank of America (BAC, Fortune 500) CEO Brian Moynihan defended the move, which the bank announced last week in response to new caps on debit card swipe fees that the banks charge...
Oct 5, 2011 · Bank of America CEO Brian Moynihan defended the bank's decision to impose a $5 debit card fee on customers next year, saying it was needed, in part, to recoup billions of dollars in...
Jan 20, 2012 · CEO Brian Moynihan admitted Thursday the bank saw "an elevated level of account closings" in the fourth quarter as a result of its highly controversial decision -- quickly reversed -- to charge a...
Dec 27, 2011 · AP. In a recent interview with The Boston Globe, Bank of America's chief executive Brian Moynihan admitted the proposed $5 monthly fee for debit card users wasn't the best idea....
Oct 6, 2011 · Bank of America CEO Brian Moynihan defended his bank's plan for a new fee on debit card users on Wednesday, saying that the bank's customers and shareholders understand that the bank has a "right to make a profit," CNN reports.
