Fall­out from fi­nan­cial bill could bring ar­ray of new bank fees

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE -

Ex­pect­ing big drops in rev­enue from the fi­nan­cial over­haul, the nation’s biggest banks are look­ing to Main Street to make up the dif­fer­ence. Check­ing ac­counts, bank state­ments and vis­its to a lo­cal branch could come at a cost as the nation’s largest banks scram­ble to off­set ex­pected dam­age from the over­haul. The un­cer­tainty has over­shad­owed strong sec­ondquar­ter earn­ings at JPMor­gan Chase & Co., Cit­i­group Inc. and Bank of Amer­ica Corp.

All three com­pa­nies beat ex­pec­ta­tions this week, but their stocks tum­bled, help­ing send the wider mar­ket sharply lower Fri­day.

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