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Business Highlights, May 31

Business Highlights, May 31

Published: May 31, 2012
Business briefs


Closing bank account could cost

Want to close your bank account? It could cost you as much as $55. In a survey of the practices of the 10 largest banks in the country — including JPMorgan Chase, Bank of America, Citibank and Wells Fargo — policy and advocacy group Consumers Union found that people who want to close their accounts at big banks and switch to a smaller bank can face costly obstacles. Consumers Union said none of the 10 banks will make a free same-day electronic transfer, and all charge for wire transfers or certified checks. Certified checks can cost up to $10 and wire transfers $30.

Icahn seeks to replace directors

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