FROM Tim O'Brien
Ditching Big Bad Banks: Are There Alternatives? Big banks bailed out because they were "too big to fail" are now jacking up fees on small businesses and individual consumers. Bank of America plans to impose a $5 monthly fee on depositors who use debit cards. Citibank says it’ll raise fees on accounts with less than $15,000. New York Times columnist Joe Nocera says there are many "juicy angles" to be pursued. He's going with " gouging ." Is it time to transfer money to smaller institutions and credit unions? Is the entire banking system due for an overhaul? We hear from Nocera and others.
Big Banks: Are There Alternatives? Bank of America plans to impose a $5 monthly fee on depositors who use debit cards and Citibank says it'll raise fees on accounts with less than $15,000, igniting the latest firestorm over personal and small-business finance. Now that new rules require disclosure of what previously was hidden, more and more customers are looking for some place else to put their money. Quarterly reports are expected to show that big banks are feeling some pain in their profit margins. Are small depositors paying for their bad investments? Will the new Consumer Financial Protection Bureau be able to curb abuses?
Cover-up or witch hunt?: The latest on the WH ties to Russia Less than two months into his Presidency, Donald Trump is struggling to get his agenda under way, making it harder himself with tweets that dominate public attention. Meanwhile, important questions are going unanswered: why have staff members and the Attorney General lied about contacts with Russian officials?
Further revelations into Russian involvement in 2016 election Last week's failure to "repeal and replace" Obamacare was an early setback for the Trump Administration. There may be long-term danger of a different kind in multiple investigations into ties with Russia among campaign workers, the White House staff and the Chief Executive himself. We look as some of the threads they're following.