The potential charges, says Marianne Lake, CEO of consumer and community banking at JPMorgan, are a result of new regulatory rules that cap overdraft and late fees. Lake says Chase will be passing along those increased expenses to customers, which would put an end to now-free services such as checking accounts and wealth management tools. And she says she expects other banks will follow suit.
The way you’re presenting this seems pretty fishy. There’s no way to guarantee an 18% return without an equal dose of risk. Interest on savings accounts are guaranteed, up until they change the rate. So that’s apples to oranges.