Tuesday, March 20, 2012

Bank of America Validates our Prediction about Using Fees to Offset Declining Revenue

Usually we tout when a media outlet validates our predictions, like the one we made that Companieswill use fees to offset declining revenue in 2012.

But BofA is validating that prediction on its own (via a WSJ article: "Big Bank Weighs Fee Revamp; Bank of America Considers a Revamp That Would Affect Millions of Customers."

Here's another case where we'd like to be wrong since we'd prefer not paying fees for services we've been getting for free. Can we get the same people behind the no net revenue increase pledge on taxes make a similar pledge about no-net-fee increase?

No comments: