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28 Oct 2011 08:35

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Biz: Not every financial outlet trying Bank of America’s debit card fees

  • cause Last month, Bank of America decided that it would start charging monthly for the use of debit cards. Some companies (including SunTrust and Regions) followed suit. Consumers freaked out and totally got up on arms.
  • reaction With some time and distance away from the original decision, a number of large banks have chosen not to follow suit — among them J.P. Morgan Chase, which tested them for months and found that they weren’t working. source

16 Jul 2009 14:32

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Biz: JP Morgan follows the Goldman Sachs route to post-bailout profits

  • $2.7 billion JP Morgan’s profit this quarter, up 36% from a year ago and 27% from the last quarter; as you might guess, investors are giving each other high-fives right now
  • $2.2 billion The company’s fees from underwriting and investment banking advisory – the company’s CFO sez it’s a “record for any investment bank in any quarter.” source