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Economy: Banks / Fees #939556

CBS Evening News for Friday, Jul 17, 2009
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(Studio: Katie Couric) The second quarter profits for Citi & Bank of America, two banks that got bailout money, reported.

(Studio: Anthony Mason) The problems with the consumer side of the big bank business examined; credit loss reserves & fee hikes {examples given} cited. [Bankrate.com analyst Greg McBRIDE†- says banks are boosting fee income.] [Bank of America customer Mary GORHAM, Provident Bank customer Heather DUNADO†- complain about bank charges.] [FBR Capital Markets Paul MILLER†- cites credit losses & higher unemployment.] The status of the banks & their continuing vulnerability discussed.

Reporter(s):
Couric, Katie;
Mason, Anthony
Duration:
00:03:00

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