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US megacorps aren't exactly known to happily reduce profits without trying to claw them back elsewhere

What? Companies set prices to maximize profit. If charging more in fees was going to make them more money they would aready have done it.

This argument that you are using maybe didn't come directly from a corporate PR firm, but it sounds like one.

> Are you implying that those $16B will be passed on to account holders? How exactly?

Lower rates on deposits, higher rates on borrowing, more fees and more marginal accounts and branches being closed.

If a branch was profitable before, it's no less profitable to keep it open now.

Indirectly, via lower interest rates on accounts, higher interest rates on loans, higher fees on other things.