Posts Tagged ‘Profit Margin’

…Drudge linked this article with the headline, “Banks scrapping free checking accounts due to government regulations.”   This caught my attention; are the regulations so intrusive the banks must charge consumers?  No, as the actual article indicates, the banks simply won’t tolerate any intrustion into their profit margin.

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It’s the minimum amount necessary to maintain their profit margin. Note: BoA is not losing money on the new rules, they are just not making as much.  There is a world of difference.