- Bank of America to charge $5 monthly fee for debit card purchases
- Fee won't apply to ATM withdrawals, person-to-person transfers and online bill pay
- Bank blames regulation for fee
The New York Times is buying Wirecutter for $30 million, while U.S. banks roll out Zelle, a money-transfer platform.
Monetary policy headwinds, legal issues and scandals have put the banking sector on edge this year.