submitted by SD Contributor AGXIIK:

As of January 2013 the FDIC stops offering 100% coverage for all insured deposits.  That amounts to $1.6 trillion in deposits, 85-90% deposited with the TBTF mega banks.  Once the insurance ramps back to $250,000 the FDIC risk amelioration offered to large depositors will cause them to flee from the insecurity of the much reduced FDIC…

Obama orders new US sanctions on Iran’s government, including Central Bank

By Associated Press,

WASHINGTON — President Barack Obama has ordered new sanctions on the Islamic republic, including its Central Bank, in a move to enforce a law he signed in December.

In a letter to Congress…

Federal Reserve Bank of Dallas President Richard Fisher said regulators should break up so- called too-big-to-fail financial institutions to curtail the risk they pose to financial stability.

“I believe that too-big-to-fail banks are too-dangerous- to-permit,” Fisher said in the text of remarks given in New York today. “Downsizing the behemoths over time into institutions that can be prudently managed and regulated…

Via:

"Bank of America Corp. is dropping its plan to charge customers $5 a month for making purchases with their debit cards, a…

Bank Of America Branch In California Reportedly Refuses To Allow Protesters To Close Accounts

Should people who are tired of paying extra fees be allowed to close their bank accounts in protest? One Bank…

NEW YORK (AP) -- Bank of America will start charging debit-card users $5 a month to pay for purchases. The move comes as the cards increasingly replace cash and as banks look for ways to offset the loss of revenue from a new rule that will limit how much they can collect from merchants.

Paying to use a debit card was unheard of before this year and is still a novel concept for many consumers. But several banks have recently introduced or started testing debit card fees. That's in…