Seeking Alpha

vernhiker

vernhiker
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • Bank of America (BAC) could lose a $480M revenue stream (3% of 2011 earnings), says Matthew O'Connor, thanks to expected new rules requiring banks process debit card transactions in the order they occur rather than from largest to smallest. Several big banks have already changed, but BofA - among others - hasn't, and continues to enjoy the easy money.  [View news story]
    Their use of dishonest accounting enabled them to charge customers multiple overdraft charges on a single day...when, perhaps, they were entitled to only a single charge of $35.
    Jul 11 08:52 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    BofA money laundering??! That's a new one......Someone should check this out
    Feb 7 12:24 PM | Likes Like |Link to Comment
COMMENTS STATS
2 Comments
5 Likes