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1
Feb

UK Banks Rake in £11bn More Than They Lend

Posted by Susan Mitchell (0) Comment

Banks received nearly £11billion more than they lent to firms last year – and imposed the highest interest rates for nearly three years.

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Category : Banking News | Blog
21
Nov

Is Your Bank Really Changing Its Ways?

Posted by Susan Mitchell (0) Comment

The nation’s 10 biggest banks could stand to lose as much as $185 billion in deposits in the next year due to customer defections.

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Category : Banking News | Blog
5
Nov

TD Bank adds $9 savings account fee, hikes others

Posted by Susan Mitchell (0) Comment

As other banks recoil from the customer wrath they faced after attempting to introduce debit card fees, TD Bank is rolling out a brand new fee and hiking others.

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Category : Banking News | Blog
28
Oct

Debit Card Fees: Bank of America Scaling Back

Posted by Susan Mitchell (0) Comment

Reuters) – Bank of America Corp, after receiving heavy public criticism for a planned $5 per-month debit card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank’s plans said Friday.

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Category : Banking News | Blog
19
Oct

No More Free Banking – The New Normal

Posted by Susan Mitchell (0) Comment

The latest third-quarter earnings reports from this week confirm that banks are struggling to make money the old-fashioned way, by lending money to consumers and businesses. The main reason: interest rates are at historic lows. That makes it harder for banks to charge high rates on loans.

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Category : Banking News | Blog