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Bank of America the nation’s secondlargest bank says roughly 25% of its overdraft/NSF fee revenue each year came from NSF fees Altogether Bank of America estimates the steps will cut its overdraftfee revenues by 97% from where they were in 2009 the year before it started taking incremental steps toward reining in overdraftfee revenues.

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The bank “definitely will be heading towards the direction of tightening” he added Taiwan’s decision to hold fire on rates comes after the US Federal Reserve on Wednesday said it would end its pandemicera bond purchases in March and pave the way for three quarterpercentagepoint interest rate hikes by the end of 2022.