NYC plan of traffic congestion fees meets 1st test

(Reuters) - The other cities whose traffic-fighting plans were chosen from the 27 proposals submitted were Atlanta, Dallas, Denver, Minneapolis-St. Paul, Miami, San Diego, San Francisco and Seattle, Peters said.




Bloomberg, a Republican, said that although charging fees for vehicles driving south of Manhattan's 86th Street between 6 a.m. and 6 p.m. would only push 5 percent of the commuters out of their cars, the effect would be "like having a quiet Friday in summer." Fees under the plan would be $8 for cars and $21 for trucks.


Read more at Reuters.com Bonds News

Chinese Regulator Tells Banks to Boost Fees to Compete With Foreign Firms

(Bloomberg) -- China's bank regulator told the
nation's large and medium-sized lenders to triple the share of
revenue they get from non-interest income over the next five to
10 years, which would bring them more in line with foreign banks.

Fees and commissions from services such as insurance and
mutual fund distribution should account for half of revenue at
nationwide banks, up from the current 17 percent, Tang Shuangning,
vice chairman of the China Banking Regulatory Commission, said in
a statement. City commercial banks should boost the ratio to 20
percent from the current 3.7 percent, he said.


Read more at Bloomberg Emerging Markets News