$5 Fees May Be Coming to an ATM Near You

J.P. Morgan Chase [JPM 46.35 0.25 (+0.54%) ] and other banks are trying to recoup approximately $30 billion a year in lost overdraft fee income by testing $5 ATM fees, Consumer Action spokesman Joe Ridout told CNBC.

These banks have "historically been reliant on overdraft fees," he said, so they're "coming up with new ways to make up the difference." He said higher ATM fees and other rising costs penalize small depositors.

http://www.cnbc.com/id/42357880

Jim Rogers Predicts Soaring Oil Prices

“The price of oil is going to go much higher over the next decade,” said Jim Rogers, Chairman of Rogers Holdings. He added the demand for oil and natural gas will rise in the next few years as nuclear demand falls in response to Fukushima, but “we need nuclear whether we like it or not.”

http://www.prisonplanet.com/jim-rogers-predicts-soaring-oil-prices.html

Dimon Says a Hundred Municipalities in U.S. Won’t ‘Make It’ Out of Debt

JPMorgan Chase & Co. (JPM) Chairman and Chief Executive Officer Jamie Dimon said some municipalities will need to renegotiate debt and a hundred may not “make it.”

“I wouldn’t panic about what I’m about to say,” Dimon, 55, said today at a U.S. Chamber of Commerce event in Washington. “You’re going to see some municipalities not make it. I don’t think it’s going to shatter America, I just think it’s a part of the credit cycle.”

Speculation about widespread municipal-bond defaults intensified in December when bank analyst Meredith Whitney predicted that “hundreds of billions” of dollars of municipal bonds may default in 2011 amid pressure to balance budgets.

http://www.bloomberg.com/news/2011-03-30/dimon-says-hundreds-of-municipalities-in-u-s-won-t-make-it-out-of-debt.html