When Brian T. Moynihan was asked at a November panel discussion who he worried would steal his customers, Bank of America Corp.’s chief executive officer looked to the man seated on his right.
Customers have moved billions of dollars to cash in case U.S. lawmakers can’t strike a deal in time to avert a default on Treasury securities, according to U.S. Bancorp, the nation’s biggest regional lender.
U.S. Bancorp, the nation’s largest regional lender, said fourth-quarter profit rose 5.2 percent, meeting analysts’ estimates, on lower loan-loss provisions.
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