Bank of America reported $6.2 billion in third quarter gains this year, nearly recouping a $7.3 billion loss from the same time last year. Bank of America ceded its ranking as the largest bank to J.P. Morgan & Co after CEO Brian Moynihan began a campaign of mass asset sales in an effort to boost the bank’s capital. Moynihan has suggested that new regulations mean the bank will have to start charging fees for services that have traditionally been free, such as debit cards and checking accounts.
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