With the financial difficulties in the country plus expanding college costs across the board, particularly at state schools (and especially in broke Illinois), I wonder how UofI leaders could have thought commissioning a $100,000 statue of the Interim President (though he was formerly president from 1979 to 1995) was a good idea.
Tag Archives: money
Banks to cut free checking?
Some of the major banks are looking to end free checking accounts:
“The transformation of checking accounts comes at a time when banks are bouncing back from the steepest financial losses in a generation and are facing new regulations. To accelerate that recovery and recoup losses from new banking rules, financial institutions are increasingly leaning on customers who don’t now generate enough revenue for the bank.
More than half of all checking accounts are currently unprofitable, according to a report issued last month by Celent, a unit of Marsh & McLennan Cos. It costs most banks between $250 and $300 a year to maintain one of the roughly 200 million checking accounts, according to industry estimates. ”
As someone once said, there’s no such thing as a free lunch.
Legally Sociable 