Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Bank of America is considering a plan to introduce a checking account that curbs overdraft practices, the Wall Street Journal said, citing people familiar with the bank's strategy.
The bank's plan will not allow customers to overdraw their balances at an automated teller machine or when making an automatic bill payment, the Journal said.
The removal of overdraft abilities would be one option customers could choose under a new checking account program BofA likely will unveil in the coming months, according to the paper.
It wasn't clear whether BofA is considering boosting fees as part of its checking account overhaul. Bank executives haven't made a final decision about the overdraft policy, the newspaper said.
Bank of America could not immediately be reached for comment by Reuters outside of regular U.S. business hours.
If the plan goes through, BofA would be the first big bank to prohibit overdrafts on checking accounts, the Journal said.
BofA's move builds on its decision a few years ago to prohibit customers from overdrawing their account when using a debit card to make purchases.
In 2011, under pressure from customers, the bank reversed course and scrapped plans to charge a $5 per-month debit fee.
Many banks let customers overdraw their accounts in exchange for fees, typically $25 or $35. Critics say the fees disproportionately burden lower-income customers and others who often maintain low account balances.
A few years ago, more than two dozen U.S., Canadian and European lenders were named as defendants in a class-action suit accusing them of charging customers with excessive overdraft fees.
Bank of America paid $410 million and JPMorgan Chase paid $110 million to settle their portions of the nationwide litigation. Those settlements won final court approval in 2011 and 2012, respectively.