Quotes of the Day

The company is very healthy. J. STEELE ALPHIN, Bank of America’s chief administrative officer, after the government told the company it would need $33.9 billion in capital to withstand any worsening of the economic downturn (NYT)
Wednesday, Nov. 02, 2011

Open quoteIt misjudged what consumers would bear. It was the wrong fee at the wrong time.Close quote

  • MARK SCHWANHAUSSER,
  • a banking analyst with Javelin Strategy & Research, on Bank of America's decision to cancel its planned $5 debit card fee
Photo: Peter Foley / EPA | Source: AP