Chief Exec of Bank of America states that "we have the right to make a profit" in charging a $5 debit card fee. Sure you do B of A. Your customers also have the right to change to another bank (or credit union).
Given the press that the Occupy Wall Street crowd has been getting recently, this probably wasn't the right time to say this. B of A really needs to find a new PR outfit.
A Finance Professor's blog. I am a Professor of Finance in the Poole College of Management at NC State University. My website: https://sites.google.com/ncsu.edu/warr Opinions are my own.
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