your pocketbook, kuren redmond talks about new fees banks are adding and some subtracting. linda so is live about tolls and a new route begins for the charm city circular. first let's a check of the forecast and say hello to justin berk. >>> good morning, michael hoffman wrote me and likes the notion of the big bubble of no trouble. we are not quite there yet but about to get there. watch the gasp of the storm bringing us rain. see from perryman and aberdeen, making a dive to the southwest and about to turn the corner. we are going to hug around coastal arundel county and kent island, rock hall gets wet. weave got clear skies to our west. check out our temperatures this morning, 41 bel air and towson. 41 columbia. i'm at thunder hill elementary in a couple of days. excited for that visit in the cool kids campaign. there goes our big bubble of no trouble with sunshine building in this afternoon, high temperature of 56 degrees. good looking day weatherwise, the traffic, here is tonya. >>> arundel county crane highway an accident with injuries. look out for delays. a live look

wells fargo has a new bank that will cater to people with $50 million or more to invest. it will be called abbot downing after 19th century custom carriage builder who serve the wealthy. the bank's staff will include psychologists and genealogists. its main focus will be on baby boomers looking to sell the family business abbot downing is scheduled to open in chicago in april and also plans to open offices in 13 other cities. >>we have the next top business stories chicago ... stocks once again are losing ground today the dow was back under 12,000 it could be the start to another rocky week in the markets investors are worried that italy will next be a domino behind greece ... tomorrow the italian parliament will vote on its budget and a sara bareilles ghana may be forced to resign d prime minister silvio burlesque on theberluschoni may be forced to resign ... ups and federal express are talking about hiring more workers for the holiday season ... there is a competitor to the amazon kendallindle.. the barnes and noble gnocchi the reader is getting a price cut united is the

i'm glad they decided to do away with them. >> many big banks were charging the fee because of a new regulation that slashed fee financial institutions and charging retailers. they were trying to make the money back but didn't work. >> we've got bank of america, i'm a bank of america customer and gave me pause to think about going somewhere else. that's common. >> a lot of the smaller banks at credit unions and smaller banks were banking on customers to come in and give them new business as a result of this. bank of america hasn't announced yet if they will take back the fees. we will wait and see what happens. >> at some point, bank of america is going to have to come forward and say d woops. >>> we want to know what you think about the bank fees and the transfer day, head to our facebook fan page, join the conversation. is it something where you are like me, bank of america customer and said wait or happy where you are. >>> groups are pushing for johnson and johnson to remove harmful chemicals from the baby shampoo. they are urged to remove the chemicals. the campaign says it has ca

even the bank's new forecast depends on the crisis in the eurozone being resolved. he long run, the governor likes to say we are masters of our faith. the bank has a plan for recovery and eventually be -- and eventually get there. it has taken a lot longer than anyone had expected. >> this is newsday on the bbc. and i am in singapore. >> i am in london. president obama says america will step up its role in the eighth -- its role and influence in the asia-pacific region. the arab league has given syria a three-day deadline to end the bloody repression of its people. let's get more on our top story now. the sanctions were imposed to put pressure on the regime. the british international secretary, andrew mitchell, is in burma to find out of the reforms have gone far enough. he sent this report from mandalay. >> welcome to the debut of -- >> this is the brand new tv show, an attempt to get citizens of the 10 member states to feel like they belong to one community. that is because by 2015, if wants to become a single economic bloc, much like the eurozone, possibly even wi

thousands of new customers flooded credit institutions and their banking fees. he "wall street journal" reports that boeing employees' credit union in seattle signed up 659 new members. that's a one-day record. excess fees were part of the reason many banking customers made the switch. now, a federal judge has approved a $410 million lawsuit claiming bank of america charged excessive overdraft fees. 13 million b. of a. customers are involved. most will only get back a fraction of the fees they paid. the lawsuit covers debit card transactions between january of 2001 and may of this year. new bank regulations prohibit these fees unless customers approve them. here's what we're watching for tomorrow: quarterly results from liberty media, intercontinental hotels, societe generale and toyota. toyota also reports its quarterly numbers. the automaker is set to report lackluster results. it's been battered by the yen's surge to record highs against the dollar and lost production in the aftermath of the country's devastating earthquake. don't expect to see graphic warning

montgomery county executive ike leggett will launch a new campaign to raise awareness about the county's new bank law. starting on january 1, retailers will charge customers 5 cents for plastic bags or paper bags. the afternoon event kicks off at 2:00 p.m. at westfield montgomery mall. coming up, raid on the interview said. a political debate takes an ugly turn on live television. also, a new title for a hollywood actor. let's see if you agree with the verdict. >> children who feel they were born with the wrong gender. the struggle that these kids face. the tough decision that their parents have to make. what do you want other kids to know who you are? >> we all know politics can get a quick, but you have to take a look at when an argument between two politicians in lebanon simply spun out of control. all of this happening on live tv. the two were bickering about how to handle the conflict in syria 11 through a glass of water at the other. then as you can see, papers flying all over the set. both of the men stand up, one of them picks up a chair. eventually, the host steps in and plays are free.

other economic news, bank of america has taken heat from its customers over the new fee, remember we ld you about that, $5 a month simply to use a debit card. but now the bank is having a change of heart. tom costello explains why the nation's second largest bank is dropping thatç $5 fee. >> reporter: in the end, it may have been one bank fee too many from the the occupy wall street movement -- >> they're stealing from you and that's what's bottom line. >> reporter: to the streets of l.a. >> we're disgusted, tired of being ripped off. >> its he unnecessary i thought for especially for people that are hard working right now and unemployed. >> reporter: after a tsunami of protests, backlash and 200,000 signed petitions, bank of america gave in on the $5 a month debit card fee saying in a statement, we have listened to our customers very closely over the last few weeks and recognize their concern. the pressure on b of a proved too much after chase, citigroup, wells fargo, sun trust and a host of others announced they had abandoned plans to charge a monthly fee for debit card purchases.

the los angeles branch of the san francisco federal reserve bank, which has much of the currency that comes into the fed, they store all the new currency from the bureau of engraving and printing as well as all the money that the banks don't want to hold on the premises. they all ship it to the federal reserve banks. and a public number that he put out on a press release, i can use it, is that they had 80 billion in cash. we got information that the accounting records there were corrupt. so we sent in a gao team, and they published a report, which i put in my book, it was just a terrible report about people going in to all the records and changing them. they were all messed up, and also on some reports forcing a balance so that the books looked balanced. after we did that, alan greenspan sent in a huge group from the board of governors, and they spent a weekend counting the money in the fall. i don't know how they could count all the into we can. he said there wasn't a dollar missing. but the problem is, the bookkeeper in those faults, the other banks do that. that is that a national security problem, as i told chairman ron pa

the economics of the last two months other major banks deciding not to change the fee doesn't change the economics of the day this isn't change the new regulations in dodd frank what it does show as the banks are full of it especially bank of america who have the audacity to come out and make the claim the regulations in march are levers and simply not greed made them create that the other banks are going to do is find consumers' fee charges and charge consumers be the excuse me as much as they can get away with and use any excuse that they can but this small victory for consumers also shows that people do have some power against the banks so they helped organize consumer groups the power of occupy wall street but also economic arguments of the banks are brought out in the open and exposed for the fraud that they are and i'd say that's a true glimmer of hope. now since the occupy movement began as a car park and spread across the country it's raise a lot of questions about just how far our freedoms of speech and assembly can really go we've seen city after city use obscure laws even passed last minute legislation to try and keep the

. >>> big news for bank of america customers. what the bank now says about its proposed debit card fee. >> plus, a dramatic crash- landing in poland. why the plane was forced to land on its belly. >>> offshore winds are blowing. the fire danger is running high but it's beautiful right now. we also have some rain in the forecast. we'll tell you about that coming up next. ,, ♪ ♪ a couple years of up all night ♪ ♪ and a few thousand diapers later ♪ ♪ oh, yeah ♪ he loves that little girl [ male announcer ] all her life, she's been coming toward you. now that she's driving, she's going the other way. ♪ there goes my life [ male announcer ] thanks to state farm's steer clear program, teens learn safer driving and parents gain peace of mind. you like to take care of it immediately. ♪ so when it was time to switch to a medicare plan, you called anthem blue cross. and when your granddaughter's band struggled with your favorite song, you knew exactly what to do. give it to me. ♪ [ female announcer ] we know you're still more rocker than ro

month that it was proposed by the bank and met with the ire of everybody ranging to consumer groups congressman even president obama and last week we brought you the news that wells fargo and j.p. morgan chase announced that they would be abandoning their plans for the five dollar debit feet yesterday sun trust and regions bank announced that they too would be giving up the fee and reimbursing customers for all these incurred and today the bank that started it all announced that they would not be continuing with their plan for that five dollars debit fee which is i think a very rare victory for consumers but before i get too excited about this consumer victory over bank of america i do a few questions for the bank now when they originally announce the plan for a five dollar fee in september they claim the debit he was simply economics at work but due to the new regulations levied just part of dodd frank they would simply have to pass on the fees to their customers and of story c.e.o. brian moynihan simply reaffirmed the banks quote have a right to make a profit now of course those opposed it out frank a new banking regulations in general jumped on the

find out what happened and the length one couple went to get their cash back. >>> new tonight, bank bailve been a source of anchor for the "occupy wall street" protesters. now according to two whistle blowers there is a new outrage. some of the nation's biggest banks defrauded veterans. martin savage reports. >> he spent three years in the army. he was shocked by a bank loan document. >> it was really apparent. >> reporter: it was clear the bank was ripping off a veteran who was trying to refinance his home. >> the veteran didn't see it, it was really slick how they did it. >> reporter: they began going through other loan paper work. >> everyone of the lenders were doing the same thing. >> reporter: this shows how it was done. the banks are to pay attorney fees for all loans. that is why the line on this document was blank. but they allow to charge for other fees. like title examination which should be $125. this shows it was $950. >> they are taking that fee they should have paid and put it into an allowable fee. >> reporter: how many loans are we talking? >> ova million. 1.2million of

stronger financial oversight is needed some progress in creation of new banking scandals our position is that for the pace of the force is sufficient we should not call to frost since if you produce tougher security standards for financial institutions now we have a negative impact on growth so i see or have good chances to prevent another recession where does russia stand in all of this chaos russia is interested in global stability and this is why the russian president is participating in trying to sense he makes his contribution here stance very strong position russia is following called the commitments we made before budget based is down that you still more there so what was lost we will see. the recover from recession into cells and. then and have four percent growth. according to all international benchmarks we are in a good position but what i'm interested in is. the really bad shape of the united states economy the really bad shape of the european crisis is it going to affect us . global on terminus real effect russia it's clear the question is whether those tourists will be w

global cleaned up because postal face in new banking institutions will evaporate but of course as you're pointing out congress is too busy training on inside information and pelosi has made i think your net worth has tripled since she was now in washington so the idea of lobbying government to help it is obviously going nowhere well let's look at what the article says this is the problem of course is that not only are these transactions perfectly legal under existing law the people who benefit the most are the ones who write the laws nationally most members of congress don't seem eager to take away the special benefits that can turn humble public servants into multimillionaires so flash back max to what i just said earlier in the show where this beef broke into a woman's house in china and he said i am but a simple thief yet i have more money than you present and this is exactly what you're seeing here these are humble public servants they're constantly humble public servants hank paulson was a humble public servant when he left. goldman sachs and and gave thirty million dollars in tax b

stronger financial oversight of needed some progress in creation of new banking standards our position is that for the place of the default is sufficient we should not call to frost since we will produce a tougher gritty standards for french and interest now with her for a negative from brooklyn growth so i see or we have a chance to prevent another recession where does russia stand in all this gas russia are interested in this will stability and this is why russian president is participating can you point to science so you contribute here stands a really strong position. in foreign called the commitments we made before but a place down that is still more there so whether it's all square or else the way the car worked from a recession can purcell's and you have the right to sell it and have four percent drop and i was a serious. according to all international benchmarks we are in a good position but what i'm interested in is. the really bad shape of the united states economy the really bad shape of the european crisis is it going to affect us . any global power in terms of real effect

into jail after a march z an encounter with police put him in the hospital. >> oakland banks prepare for possible newuble downtown tonight. >> and this man pulled a lot of money out of his account today. tonight backlash against big banks is sweeping the nation. >>> a solar company losing millions tells abc 7 news why it's not next solyndra. >> good evening, i'm carolyn johnson. >> the move smt challenging for businesses both big and small. >> the chamber of commerce is frustrated with how the mayor is handling this and there is concern about how much these protests are costing the cash-strapped city. laura anthony is live. >> well, within just the past hour, the city put out what they're saying are exact figures as to how much the police action cost the city last week, $1 million, and police, pub lirk works personnel that. ask z not

stronger financial oversight of needed some progress in the creation of new banking scandals our position is that the pace of the force is sufficient we should not go too fast if you produce tougher security standards for financial institutions now we still have a negative impact on growth so i see our goods. to prevent another recession where does russia stand in all of this gas russia is interested in global stability and this is why the russian president. trying to sense he makes his contribution here stance we're just trying to position. forward in call the commitments he made before the budget. that you still read him or that are so what will. be covered from the recession hurt themselves and. then four percent or so. according to all international benchmarks we are in a good position but what i'm interested in is. the really bad shape of the united states economy the really bad shape of the european crisis is it going to affect us . any global are in terms of real effect russia it's clear the question is whether it will be or more there and second whether russia is prepared to face

would also have a new banking systems, new atms, new individual banks. if you look at whether or not people are being paid in drogmas, let's say, for instance, they have a mortgage that was being paid off in euros. what's the disparity between that and where's the equity value between the two currencies? we don't really know what it would be valued at against the euro. that would be very difficult for consumers and individuals to have to face. the other thing that would be interesting to watch is right now we have what's called the european central bank. and that sets interest rates for the entire euro zone. if one of the member countries would have to be disbanded, they would have their own individual central bank. that, too, would become extraordinarily expensive. we've already heard about the esfs and having shored that up for over $1 trillion. this would cost even more to have to set up these individual banks amongst the member countries. so clearly this process is going to be extraordinarily expensive and very difficult for the member leaders to hav

stronger financial foresight of me that there was some progress in creation of the new banking standards our position is that for the place of the default is sufficient we should not call out so fast since it will produce tougher egregious creditors or financial institutions now this will have a negative impact on growth so i sleep or have good chances to prevent another recession where does russia stand in all of this class russia card is interested in the global stability of this is why the russian president is but simply twenty cents he makes his contribution here stance greatest strong position of russia in foreign called the commitments be made before budget based is down there is still greater more there so one of those two will see the world and the already problem from the recession hurt themselves and for everyone to solve and have four percent false security. according to all international benchmarks we are in a good position but what i'm interested in is. the really bad shape of the united states economy and the really bad shape of think european crisis isn't going to affect u

stronger financial oversight of you that there's some progress in creation of new banking standards our position is that for the pace of reform is sufficient we should not hold so fast and loose plan for the greatest creditors of financial institutions now we still have in their different plan growth so i snooped or you have good. to prevent another recession where does russia stand in all of this class russia is interested in global stability and this is why russian president right is but simply can cling to science he makes his contribution here stance we're just trying to position. he's following paul the commitments he made before the budget this result that he still waited more than a so what was the worst well some of the real the core work from the recession hurt themselves and for nine percent of them then four percent rise this year just. according to all international benchmarks we are in a good position but what i'm interested in is. the really bad shape of the united states economy and the really bad shape of think european crisis is it going to optus. global are in trouble

reporter: switching is a multistep process that can take more than a month and only begins with pick a new bank. >> consumers have to do some shopping. >> reporter: switching also means redirecting your automatic payments and direct deposits and making sure those changes stick. >> some of the accounts i have found the information doesn't process correctly or there's a need to put a zero in front of something. >> reporter: to help some banks are offering change kits and there are things to keep in mind like keeping your old account open for at least a month to make sure all your transactions go through. and when you do finally close your old account, shred those unused checks, destroy your old atm card, and be sure to notify your old bank you're leaving. do it in writing or in person our might get hit with fees. it may seem like a lot of work, but it's work orellana is happy to do. >> definitely worth it. >> reporter: and if you're thinking about making a situation, the nonprofit organization consumer checkbook is giving our viewers exclusive access to its surveys on bay area banks and credit un

understanding of that and stronger financial oversight of needed because some progress in creation of new banking standards our position is that for the pace of the default is sufficient we should not call to frost since you produce a tougher gritty spenders of french my future is now with her for a negative impact on growth so i sleep or. to prevent another recession where does russia stand in all of this class russia is interested in the global stability and this is why russian president. trying to sense he makes his contribution to hear a stance we're just trying to position russia in our case for when called the commitments he made before the budget this is gone there is still way to more there so a lot of small square miles from the right across from the recession hopeless i was and. then to have four percent or so on and i was a serious. or according to all international benchmarks who are in a good position but what i'm interested in is. the really bad shape of the united states economy or the really bad shape of think european crisis is it going i thought oh are gaining global on top of a

stronger financial oversight of europe with some progress and creation of new banking scandals our position is that for the pace of reform is sufficient we should not grow too fast since if you produce a tougher gritty standards for financial institutions now we still have a negative from problem growth so i salute. you have nots. to prevent another recession where does russia stand on all of this gas russia are interested in the global stability of this is why russian president. trying to sense he makes his contribution here stance we're just trying to position russia before we call the commitments he made before the budget based bizarre that he's still very moderate so what i'm supposed to well see the world the already cover from the recession hurt them to say i wasn't there and i had to sell them and four percent growth that i was this year just. for according to all international benchmarks we are in a good position but what i'm interested in is. the really bad shape of the united states economy and the really bad shape of think europe in crisis is it going to affect us or global our c

wells fargo was announcing a new bank for the future rich. it's called -- abbott downing. the first bank will open in chicago next year, and wells fargo will expand it to other cities including san francisco. >>> investigators in -- in somona county are trying to figure out what happened to cause a car crash and have two men dead. officers say a white honda slammed into a tree andkied the two people in the inside. >>> and richmond police say drug racing and a drunk driver led to a deadly crash there. it happened at 1:00 this the morning. hots say the two cars clipped each other and spun out of control. one of the drivers, 17-year-old pablo lopez was killed. two other people were hospitalized. the driver of the second is vehicle involved. 21 israel gomez was arrested for vehicular manslaughter. >>> some nurses at an oakland hospital say they are worried about their sincerity after a patient attacked a fellow nurse. ktvu's reporter is telling us how this happened. >> i heard screaming. >> this nurse was working at the medical center friday morning when a patient lashed out at

>> falsifying the records of new york banks and conspiracy.rom december 2006 to department 2008 dozens of illegal payments from u.s. banks by using aliases and shell companies. >> had he continued spending bad use materials to subsidiary iranian defense industry's organizations. called before the senate relations committee he offered details. >> one international money movement hiding the sources of that money. two people providing iran through dummy companies with the material long range missiles. prosecutors say. >> they used 6 dummy corporations, iranian used four. >> 17 kilos of graphite cylinders. >> the director of the wisconsin project on nuclear arms control. >> important because it increases iran's ability to produce centrifuges. >> beyond industry trade company shipped the cylinders to an iranian reporter. >> aban industrial shares the address with a front company. missile manufacturer. >> they testified about additional shipments. >> there were gyro scopes, 24,500 steel rods. >> the chinese ignored u.s. requests. they wrote to fox n

the room and stronger financial oversight of you that would have some progress in the creation of new banking scandals our position is that for the pace of reform is sufficient we should not go too fast since you produce tougher greatly standards for financial institutions now we still have a negative impact on growth so i see or we have nots. to prevent another recession where does russia stand on all of this gas russia is interested in global stability and this is why russian president is prepared to try to sense he makes his contribution here stance we're just trying to position. forward in call the commitments he made before the budget based result. that you still read him or there are so one of the last we will see the rigs in the car were from the recession hurt themselves and they have the right to sell them and have four percent or so and i was a skier just. according to all international benchmarks who are in a good position but what i'm interested in is. the really bad shape of the united states economy and the really bad shape of the european crisis is it going to affect us are gai