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Archive Home > 2008 > September > 30 > Bank consolidations raise the specter of higher fees

Bank consolidations raise the specter of higher fees

The 3 superbanks will have much more power in setting prices, policies

By Dave Carpenter and Sara Lepro / The Bulletin
September 30, 2008

NEW YORK — The sale of Wachovia’s deposits and other assets to Citigroup on Monday leaves the nation with three superbanks, reshaping the U.S. banking landscape in the midst of unprecedented financial upheaval.

For customers of those institutions — Bank of America,....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.