- 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
Who needs the Fed? Interest rates are already rising, and Bank of America is reaping a windfall.
The credit derivatives market is worth trillions, but are they really a time bomb waiting to decimate the financial markets? Warren Buffett's warnings haven't scared Citigroup.