Trying to stay off the "front page," Bank of America (BAC) nixes plans for new checking-account fees set to ht about 10M customers by year's end. These customers - small balances, don't take out loans - cost the bank roughly $200/year. Back of envelope: That's $2B in losses vs. total income of $5.4B over the last 4 quarters. "Our strategy is to give our customers reasons to do more business with us," says co-COO David Darnell.
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