I’m fairly oblivious to the financial news of the day, but I happened to stumble across Bank of America revealing their earning $18.23 billion in revenue in the second quarter yesterday.
In the same article, this little tidbit stuck out at me:
… the bank said fee income rose 38 percent to $9.6 billion …
Anybody besides me see anything shocking there? Almost 53% of Bank of America’s revenue is coming, not from interest like I would expect, but from bank fees! (Almost $10 billion in bank fees! My, we are busy consumers, aren’t we? Of course, I wouldn’t expect any less from the parent company of MBNA, because, as you cretainly know by now, MBNA sucks… 
)
[tags]mbna, bank of america, boa, mbna sucks, credit cards, credit, bank fees[/tags]
