Debit Card Fee Debacle Could Cost Big Banks $185 Billion In Deposits Next Year/

Big banks attempts to ding consumers for debit card fees may end up backfiring, according to a recent study from cg42, a firm that consults with banks. The top 10 retail banks are projected to lose $185 billion in deposits over the next year if they don’t address consumer concerns. Bank of America, Citibank, JPMorgan Chase and Wells Fargo account for nearly three-quarters of the loss, the study found.

Read more: http://www.cg42.com/42/cg42___2011_Retail_Banking_BVS___Executive_Summary.html