JPMorgan Chase & Co. (NYSE: JPM) stated on today that it was eliminating some overdraft fees altogether and trimming others, after Bank of America Corp. (NYSE: BAC) announced a similar move on yesterday. The changes follow U.S. congressional leaders’ criticism of bank account fees and come as the banks digest rule changes for credit card fees. JPMorgan reported that it made the changes, which include removing overdraft fees if a customer account is $5 or less overdrawn, in an effort to assist its 25 million debit card customers amid the recession and rising U.S. unemployment. -Reuters

Government bonds fell after a surprise rebound in New Zealand’s economy underpinned confirmation that the global recovery is accelerating. European and emerging market stocks gained. Ten-year Treasuries declined, sending the yield higher to 3.47 percent. The 10-year German bund dropped for an eighth day, its longest losing streak in more than two years. The MSCI World Index of stocks in 23 developed nations rose 0.2 percent. Additionally, U.S. stock index futures fluctuated between gains and losses. -Bloomberg

Yale University, regarded as the most innovative college investor of recent decades, posted an annual investment loss of 25% in its latest fiscal year, putting an exclamation point on a period of downturns in U.S. campus fortunes. Yale blames losses on big bets in real estate and commodities during the wider downdraft in investments of all flavors. Yale’s strategy, favoring illiquid investments such as timber, had generated chart-topping returns. But, in the year ended June 30, Yale lagged behind the median large endowment’s loss of 18%. -The Wall Street Journal

Federal Reserve (FED) officials will do their level best to stay out of the public eye this week out of fear that any steps they may take could be construed as tightening policy. "This is an institution trying to keep as low a profile as humanly possible," said Vince Reinhart, a former top Fed staffer and now a resident scholar at the American Enterprise Institute. "They just want to sit here a while," said Jim Glassman, economist at J.P. Morgan Chase. -Marketwatch

It’s been more than a year since Google Inc. (NASDAQ: GOOG) shares traded at $500, but it looks like “Googlemania” has officially returned. The search giant’s stock price crossed that symbolic threshold on yesterday and flirted with the $500 mark before closing at $499.06, up half a percent. That put Google shares up 62 percent year-to-date. And it means Google founders Larry Page and Sergey Brin, each worth about $14.5 billion, have seen their paper fortunes leap by $6 billion in 2009. –AOL Daily Finance

U.S. stock index futures pointed to a slightly higher open ahead of a Federal Reserve policy statement and following results by food company General Mills Inc, which beat profit estimates. General Mills (NYSE: GIS) shares rose 4 percent to $63.40 before the bell after the maker of Cheerios cereal and Yoplait yogurt posted a higher-than-expected quarterly profit, helped by strong sales in the United States and lower commodity costs. -Reuters

-Jutia Group