transition to new banking fees is seeing a huge public backlash. Stock dropped and customers took to social networking sites to vent their anger at the bank. A demonstration has also taken place at Bank of America’s offices in Boston with thousands of people protesting about foreclosures by the bank.The new planned fees have already upset many customers of the bank and on top of that yesterday the Bank of America website went down causing more frustration and consternation. The Daily Beast reports that Bank of America stock is down 44% for the quarter and 56% for the year. There are also lawsuits against the bank regarding its mortgage practices and now today’s demonstrations are piling on the grief for the under-fire bank.
Meanwhile in New York About 400 anti-Wall Street protesters were arrested on Saturday after they swarmed the Brooklyn Bridge and shut down a lane of traffic for several hours. New York police say some demonstrators spilled onto the roadway on Saturday night after being told to stay on the pedestrian pathway. They face disorderly conduct and other charges
Occupy Wall Street demonstrators are railing against corporate greed, global warming and social inequality, among other grievances and have clashed with police on several occasions.
EU-Digest
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