Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
Journalist @baltimoresun writer artist runner #amwriting Md Troopers Assoc #20 & Westminster Md Fire Dept Chaplain PIO #partylikeajournalist
Showing posts with label Bus Banking Bank of America. Show all posts
Showing posts with label Bus Banking Bank of America. Show all posts

Wednesday, February 29, 2012

BofA's Newest Insane Fee and news from Huffington Post Business Brief

    
Tuesday, February 28, 2012
Dow Hits Huge Marker
General Electric Tax Rate 2.3 Percent Over Decade, Report Finds
The New One Percent May Cost Health Insurers Big Time
'Tip Theft' Bill Would Crack Down On Alleged Employer Skimming
The Wall Street Guide To Making A Boatload Of Money
BLOG POSTS
Marcelo Giugale: The Lingering Global Crisis and the New Poor
The lingering global crisis is forcing us to rethink the objectives and the tools of social policy. Past meltdowns in Asia, Eastern Europe and Latin-America provide us with some good hints on what to expect and how to respond.
Arvind Ganesan: Corporate Crime and Punishment
Should corporations have immunity for human rights abuses? Today, the Supreme Court hears arguments in a case that will decide whether corporations will be exempted from a crucial law that allows foreign victims of serious human rights abuses to sue them in US courts for civil damages.
Sen. Ron Wyden: Trade Rules Matter
If China is violating trade rules to help its industries undercut the price of solar panels and other environmental goods, it changes the competition from a race to produce better products more efficiently to a competition to cheat better.
John Fullerton: Beyond Firm-Level Sustainable Capitalism
We need the sustainable business community to join the ongoing systems level conversation about how to make the whole global economy truly sustainable, not merely less unsustainable.
Women 2.0: The New Girls Network: Building A Bigger Pie for High-Growth Women-Led Companies
There are incredible things happening in the startup world for women entrepreneurs.

*****

Monday, November 07, 2011

Slate - Abby Ohlheiser: Polls Show Bank of America's Loss is Credit Unions' Gain


Polls Show Bank of America's Loss is Credit Unions' Gain



One survey suggests credit unions gained 650K customers after BofA announced its now-canceled debit card fee.


 
0

Just how bad was the backlash from Bank of America’s now canceled plan to charge $5 a month for debit card use
Two new polls provide some indication that the institution’s highly criticized move may have sent hundreds of thousands of customers fleeing to credit unions. And it’s not even Bank Transfer Day, yet. 
new survey from the Credit Union National Association found that credit unions have gained at least 650,000 new customers since September 29, the day Bank of America announced the new debit card fee. As the Los Angeles Times notes, that’s more than the 600,000 customers who joined credit unions during the entirety of 2010.  
By the association's tally, deposits into those new savings accounts totaled $4.5 billion, which, according to Reuters, is more in deposits than credit unions typically get from their entire customer base in a month.
A second poll by Harris Interactive highlights the disparity between customers' loyalty to the respective financial institutions. Nearly 90 percent of credit union customers said they were extremely or very likely to stick with their current institution, compared to only 40 percent of BofA customers. Other big banks didn't fare much better: Only 46 percent of JP Morgan Chase's customers and 54 percent of Wells Fargo/Wachovia's customers indicated a strong intention to stay put.

*****