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Bank of America’s overdraft fees slump 90% after charges eased

  Bloomberg Bank of America Corp (BofA) said overdraft-service fees plummeted 90% after it took steps to ease off on the charges, which have been under fire from lawmakers. The decline from a year earlier came in June and July, the first two months after the second-largest US bank implemented sweeping changes related to overdraft services for its more than ...

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Banks offer to facilitate Russian bond trades

  Bloomberg Major Wall Street banks including JPMorgan Chase & Co, Barclays Plc and Citigroup Inc. are offering to facilitate trades in Russian corporate debt and government bonds, according to Reuters. The move took place in recent days after guidelines from the US Treasury that allowed US holders to wind down their positions, the news agency said, citing client notes, ...

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Norway to raise rates to highest in a decade

  Bloomberg Norway is poised to raise borrowing costs to the most in over a decade as unexpectedly rapid inflation challenges earlier plans for more gradual increases. The central bank will lift its key policy rate by a half-point to 1.75%, according to most economists surveyed by Bloomberg. That would be the highest since March 2012, with investors watching for ...

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