BoA CEO Defends Debit Fee

By  |  October 6, 2011
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October 5, 2011

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    Bank of America CEO Brian Moynihan defended his FI’s new $5 monthly debit fee in an interview with CNBC‘s Larry Kudlow.

    “I have an inherent duty as a CEO of a publicly-owned company to get a return for my shareholders,” Moynihan reportedly said. “At the same time I have an inherent duty to do a great job to my customers.”

       


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