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In addition, he said, limits on overdraft charges, partly the result of new regulations, would reduce fee income in the fourth quarter to about $2 billion, compared with $2.8 billion in the fourth quarter of 2009.
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The European Union is also stepping up its pressure on operators to reduce fees.
The ombudsman can also instruct lawyers to do more work to put things right, to reduce fees, and to apologise.
ABN Amro said its agreement to narrow spreads and reduce fees was not an admission of guilt.
The European Union is also stepping up its pressure on operators to reduce fees for many services.
In November 2011, Mr. Burkle said he proactively offered to reduce fees "until the fund returned to profitability".
In January, Labour leader Ed Miliband hinted that his party would bring forward a package to reduce fees.
These "junk fees" have risen 50percentt in recent years, said Michael A. Kratzer, president of FeeDisclosure.com, a Web site intended to help consumers reduce fees on mortgages.
As obvious as it sounds, traveling light — the old-fashioned obsession of many a frequent flier to reduce frustration — can reduce fees as well.
University fees are likely to feature strongly during the general election campaign; Labour leader Ed Miliband hinted last week that his party would bring forward a package to reduce fees.
In response, Citigroup said earlier this month that it would beef up compliance and controls, improve employee training, reduce fees and amend some loan terms.
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