The United Kingdom is taking steps to eliminate surprise card payment surcharges tacked on by sellers. These can sometimes amount to more than $100 for a credit card payment.
Bank of America fell below $5 for half of a trading session this week. The low price put it in the “danger zone” in which many traders are prohibited from buying the stock on margin. That makes a stock harder to buy and can lead to further erosion in its price. The stock recovered the next day, in part because of reports of a legal settlement, which saw the bank’s mortgage lending unit pay less than $1 billion to settle charges of systemic discriminatory lending practices.
