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I'll text you later dapovar fda Since Brian Moynihan became chief executive in 2010, one of the bank's primary areas of focus has been slashing costs. In 2011, it announced its Project New BAC initiative, an effort to save $8 billion per year by the end of 2014. The bank said it is on track to achieve its goal of saving $1.5 billion per quarter by the end of this year.