To the Point
Ditching the Big, Bad Banks
Big banks bailed out because they were "too big to fail" are now jacking up fees on small businesses and individual consumers. Is it time to transfer money to smaller institutions...
By Warren Olney • • 50m ListenBig banks bailed out because they were "too big to fail" are now jacking up fees on small businesses and individual consumers. Is it time to transfer money to smaller institutions and credit unions? Is the entire banking system due for an overhaul? Also, Congress passes three contentious trade deals, and Occupy Wall Street is resisting efforts by the private owner to clean up Zuccotti Park, saying protesters will do it themselves. Might that lead to police action?
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In this episode
3 storiesCongress Passes Three Contentious Trade Deals
Last night, Congress passed the most significant expansion of trade relations in decades with Panama , Colombia and South Korea . Today, President Obama and South Korea's President Lee Myung-bak met with reporters.
Read the story8 minBig 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.
Read the story35 minWho Should Clean Up Zuccotti Park?
The private owner of Zuccotti Park in New York's Financial District says it's time to perform basic repairs and clean up after weeks of the camp-out by Occupy Wall Street . Mayor Bloomberg says the protesters should move, at least temporarily. Will there be a confrontation with the NYPD?
Read the story8 min
