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Banks Explain Why Fewer Offer Free Checking
Posted on January 29th, 2011 No commentsSixty-five percent of banks offered free checking in 2010, compared with 76 percent of banks in 2009, according to Bankrate.com. Why the disappearing act on free checking? The banking industry says banks are now losing money because of economic tough times and new laws that limit the fees that banks can charge. The average checking account costs banks about $300 a year, the American Bankers Association says. Read more at Channel3000.com. -
ABA Committee Predicts 2.1M New Jobs
Posted on January 14th, 2011 No commentsThe American Bankers Association’s Economic Advisory Committee anticipates that 2.1 million new jobs will be created in 2011, especially near year’s end, the Business Journal reported. -
Cap Times: ‘Too big to fail? Break ‘em up’
Posted on September 30th, 2009 No commentsThe Madison-based Center for Media and Democracy recently gave its first-ever “Golden Throne Award” to the president and CEO of the American Bankers Association, Edward Yingling. “The Golden Throne, you see, is more like a that-really-takes-a-lot-of-chutzpah award — as in the big bankers nearly bankrupting the American economy and now spending big bucks lobbying to convince Congress that it shouldn’t enact tighter regulation,” writes Dave Zwiefel of The Capital Times.
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ABA: Fewer Americans Paying Bank Fees
Posted on September 9th, 2009 No commentsAt least 82 percent of bank customers avoided overdraft fees within the past year, up 2 percent from 2008, according to a survey published by the American Bankers Association. Read more in the Milwaukee Business Journal.
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Associated’s Binder Named to ABA Board
Posted on March 18th, 2009 No commentsAssociated Banc-Corp President Lisa B. Binder has been elected to a one-year term on the board of the American Bankers Association, the banking industry’s largest trade group, the Milwaukee Journal Sentinel reported. James McKenna, chief executive of Brookfield’s North Shore Bank, also serves on the ABA board.