U.S. Bancorp Helped by Fee-Based Products
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U.S. Bancorp USB.N, the No. 6 U.S.  bank, on Thursday said third-quarter profit rose 12 percent,  helped by growing income from fee-based products and services  and a decline in bad loans.
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Bank of America Corp has raised the fee it charges non-customers to withdraw cash from most of its automated teller machines to $3 from $2, a move that may prompt rivals to follow.
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IN THE EARLY DAYS of credit cards, lenders didn't market to deadbeats with a history of paying their bills late or missing payments. But as late fees and interest charges became a prime source of revenue, credit card issuers no longer put a priority on being paid back - at least not quickly.
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A few little changes in behavior can reap big savings.
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The company said the move was part of its ongoing integration of FleetBoston Financial, which it bought last year. Bank of America, the largest retail bank in the US, said the cuts would not violate any job
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The firm has built a strong product offering for travel expense management.
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Investing in small caps that have big bets in one market can sometimes bring rich rewards.
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Mobile payments and banking are now moving into the U.S. through some big names, but the speedy checkout system is slow to put in place.
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U.S. Bancorp , the  sixth-largest U.S. bank, on Tuesday said fourth-quarter profit  fell 21 percent, hurt by losses from loans and money market  mutual funds, and a legal settlement.
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NEW YORK - High-tech changes in the banking industry will soon be affecting the most mundane of financial products, the checking account.    On Oct...
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Bank of America Corp.  on Monday introduced a credit card designed for many of its wealthiest clients, in a bid to retain and win new business as banks ratchet up their pursuit of affluent customers.
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Bank of America Corp. , the No. 3 U.S. bank, on Thursday said third-quarter profit rose 29 percent, helped by its purchase of FleetBoston Financial Corp. and growth in deposits and credit card issuance.
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UBS agreed to the payments to resolve accusations it steered inappropriate customers into fee-based accounts, the state Attorney Generalâs office said.
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Bank of America's decision makes it easier for legal immigrants to build credit. But critics say it helps illegal migrants.
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Bank of America Corp. BAC.N, the No.  3 U.S. bank, on Tuesday said fourth-quarter profit rose 41  percent, helped by growth in consumer banking fees and its  purchase of FleetBoston Financial Corp.
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With a major trading-fraud case finally settled yesterday, the Boston-based mutual fund operations of Bank of America are at work on a major restructuring over the coming months that will result in a smaller, more coherent lineup of funds, officials said.
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Bank of America Corp. and other large U.S. banks on Thursday reported higher quarterly profits, as rising fees offset deteriorating credit quality.