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Bank of America listens to customers, abandons debit fee plan

BY CANDICE CHOI, Associated Press | Nov. 2 at 5:39 a.m.

NEW YORK — Bank of America Corp. is scrapping its plan to charge a $5 monthly fee for debit card purchases after outraged customers threatened an exodus.

Bowing to consumers, banks back off debit fees

BY EILEEN AJ CONNELLY, Associated Press | Nov. 1 at 12:08 a.m.

NEW YORK — Consumer fury has felled the monthly debit card usage fee.

Bank of America CEO fires back at bank's critics

By Hugh Son, Bloomberg News | Oct. 27 at 12:08 a.m.

NEW YORK — Bank of America CEO Brian Moynihan says he's "incensed" by public criticism of his company and is pushing back by reminding local leaders of its contributions to their economies.

Ex-chief of KC Fed picked to chair FDIC

By Phil Mattingly, Bloomberg News | Oct. 22 at 12:09 a.m.

WASHINGTON — President Obama nominated Thomas Hoenig, the former Federal Reserve Bank of Kansas City president, to be vice chairman of the Federal Deposit Insurance Corp.

Rural economy growing very slowly, bankers say in survey

Associated Press | Oct. 22 at 12:09 a.m.

OMAHA — The rural economy in 10 Midwest and Great Plains states continues to grow but at "an anemic pace," according to the latest monthly survey of bankers in the region.

Intrust Bank says 'Entrust' name too close

BY DAN VOORHIS, The Wichita Eagle | Oct. 21 at 12:09 a.m.

Intrust Bank has filed a trademark infringement suit against a small Richmond, Va., credit union that serves mainly local churches and Christian-based groups.

Citigroup pays $285 million in fraud case

BY DANIEL WAGNER, Associated Press | Oct. 20 at 6:07 a.m.

WASHINGTON — Citigroup has agreed to pay $285 million to settle civil fraud charges that it misled buyers of a complex mortgage investment just as the housing market was starting to collapse.

Equity Bank to expand Wichita headquarters

BY JERRY SIEBENMARK, The Wichita Eagle | Oct. 20 at 12:09 a.m.

Equity Bank is taking on a small expansion project at its headquarters building in east Wichita.

Report: BofA has moved derivatives

By Bob Ivry, Hugh Son and Christine Harper, Bloomberg News | Oct. 19 at 12:09 a.m.

NEW YORK — Bank of America Corp., hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to people with direct knowledge of the situation.

Lawmakers seek probe on debit card fees

BY MARCY GORDON, Associated Press | Oct. 14 at 7:01 a.m.

WASHINGTON — Democratic lawmakers are asking the Justice Department to investigate whether Bank of America and other major banks improperly worked together to charge customers new monthly fees for using their debit cards.

September minutes reveal sharp divisions within Fed

BY MARTIN CRUTSINGER, Associated Press | Oct. 13 at 12:09 a.m.

WASHINGTON — Federal Reserve policymakers considered a third round of bond purchases at their last meeting, and at least two members said the weakening economy might require it, according to minutes of the meeting released Wednesday.

Bank earnings to reflect third-quarter turmoil

BY PALLAVI GOGOI, Associated Press | Oct. 11 at 12:09 a.m.

NEW YORK — Investors are bracing for a rough earnings season from banks.

Bank deposits shrink for year

BY JERRY SIEBENMARK, The Wichita Eagle | Oct. 7 at 12:09 a.m.

Deposits in the Wichita area contracted year over year, according to a report from the Federal Deposit Insurance Corp. released this week.

Investors bet on BofA — or not

By PALLAVI GOGOI, Associated Press | Oct. 4 at 12:08 a.m.

NEW YORK — The smart money is split on Bank of America.

Feds bent rules in bank bailout

BY JIM PUZZANGHERA, Los Angeles Times | Oct. 1 at 7:04 a.m.

WASHINGTON — Federal regulators bent the rules to allow Bank of America Corp., Wells Fargo & Co. and PNC Financial Services Group Inc. to repay their bailout money early, missing a chance to force them into further bolstering their finances.

Bank of America plans debit card user fee

By CANDICE CHOI, Associated Press | Sep. 30 at 12:08 a.m.

NEW YORK — Bank of America plans to start charging customers a $5 monthly fee for using their debit card to make purchases.

Dallas Fed chief explains opposition to Fed decision

BY PAUL WISEMAN AND DAVID KOENIG , Associated Press | Sep. 28 at 12:09 a.m.

WASHINGTON — Richard Fisher, president of the Federal Reserve Bank of Dallas, said he opposed the Fed's latest attempt to boost economic growth because he fears it won't work — and it could scare consumers and squeeze bank earnings.

BofA sell-off may aid PNC, U.S. Bancorp

By Dakin Campbell, Bloomberg News | Sep. 25 at 12:08 a.m.

SAN FRANCISCO — PNC Financial Services Group, U.S. Bancorp and Toronto-Dominion Bank are among firms that may benefit as Bank of America sells assets to raise capital.

Did BofA settlement influence defaults?

By PALLAVI GOGOI, Associated Press | Sep. 24 at 12:08 a.m.

NEW YORK — It's no secret that Bank of America wants to put its mortgage-related woes behind it. But it appears that a key $8.5 billion settlement with large investors is playing a role in pushing many more people into foreclosures.

2010 may be peak for bank failures

BY JERRY SIEBENMARK, The Wichita Eagle | Sep. 18 at 8:29 a.m.

Signs that the banking crisis is easing are hard to miss. The number of bank failures nationally through the first full week of September totaled 71, compared with 157 in all of 2010.

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