Moynihan Says Banks Reinventing Checking to Fend Off Competitors

Brian Moynihan, president and CEO of Bank of America Corp.

Photographer: Andrew Harrer/Bloomberg

Big U.S. banks are scrambling to offer more technologies and services demanded by consumers, including peer-to-peer payments, so startups don’t steal parts of their business, Bank of America Corp. Chief Executive Officer Brian Moynihan said.

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