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BofA CEO: Struggling Americans feel they are in a recession

Brian Moynihan, CEO of Bank of America, is photographed during an interview at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks. (AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed during an interview at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks. (AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed during an interview at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks. (AP Photo/John Minchillo)