Finds an additional $1 billion to $3 billion in annual savings on top the previously promised $5 billion. According to Bloomberg:

The lender, which already targeted $5 billion in expense cuts from retail and back-office operations, may reach total savings of $6 billion to $8 billion a year, Moynihan said during a Jan. 19 employee meeting. The latest phase of his effort examines investment and commercial banking, trading, and wealth-management units and is scheduled to be completed in April.

Not good news for the Charlotte economy.