Citigroup's Fraser and JPMorgan's Dimon warn of economic risks as they head to Capitol Hill

), the second-largest U.S. bank, has also overhauled its overdraft services over the past decade to “reduce customers’ reliance on overdrafts and provide resources to help customers manage deposit accounts and finance responsibly,” CEO Brian O. Brian Moynihan said in his prepared remarks. The Charlotte, N.C.-based bank expects the new program will reduce consumer overdraft fees by next year

% from241 level, he wrote.

Payment deferral