Bank of America, National Association Articles
3 Simple Reasons to Never Ever Buy a Brokered Certificate of Deposit
On and off from February to May of 2023, US financial markets witnessed something that they ordinarily do not experience. We saw 1-year and 18-month brokered CDs rise to levels that were competitive with 1-year or 18-month online CDs, as... Read →
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Bill Dudley, Former Head of the NY Fed, Makes A Compelling Case for Not Raising FDIC Insurance, Proposes Alternative
In this Bloomberg piece, published today, Bill Dudley makes a compelling case against raising the FDIC insurance limit from the current $250,000 per account (learn more about FDIC coverage here). First, Dudley recognizes the importance... Read →
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With Climate at a Tipping Point, Bank of America’s Brian Moynihan and Chase’s Jamie Dimon Need To Take Bold Action
A couple of months ago, I spent the day at a climate change conference at Columbia Business School, my alma mater. Columbia has more than a couple dozen professors, backed by scores of data scientists and McKinsey-type advisors using the... Read →
A Difficult Couple of Days in NYC, But Still No Urgency to Invest in Wind and Solar
It has been a difficult few days in New York as the air quality has been the worst in the world for most of the last 48 hours due to the wildfires in Quebec. The City of course has seen tougher days, much tougher. It has also... Read →
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Two Credit Cards Stand Apart With Outstanding Reward Rates Across All Personal Spend
Over the last several years, all major credit card companies have gotten into the business of promoting spend in certain categories by issuing cards that provide extra points (or cash back) in certain spend categories. It started when... Read →It is almost Labor Day and in the Hamptons the refrain at the end-of-summer cocktail parties is the same that we have heard all summer.
Read →The conventional wisdom regarding Bank of America's decision to delay the imposition of fees on checking account holders who do not maintain a minimum balance has been that they were fearful of a consumer backlash similar to the one they experienced last year. It is not that simple.
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Bank of America Overdraft Settlement Checks Begin to Arrive - $98.16
In January 2009, we wrote about a settlement reached with Bank of America called Closson et.al., v. Bank of America. Nearly three years later I received my check and it was a nice surprise- $98.16.
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Is Bank of America Too Big to Stumble Again?
The big bank finds itself struggling with bad mortgages, lawsuits from foreclosures, public resentment over debit card fees and the end of free checking. What does BofA's troubles mean for the banking industry and consumers like you?
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