The announcement came after Chief Executive Brian Moynihan outlined the bank's strategy at an investor conference in New York.

It's no myth: More couples than ever are relying on two incomes to get by. According to the Families and Work Institute in New York, 79 percent of today's married couples have both people in the work force, up from 66 percent in 1977. But at some point, life happens — you start a family, go back to school or face a layoff — and this new reality may force you and your partner to question whether you're ready to jump off of the dual-earner treadmill.