J.P. Morgan escalates deposit wars with expansion into BofA country

Scott McIntyre | Bloomberg | Getty Images

A customer uses a JPMorgan Chase & Co. automatic teller machine (ATM) outside a bank branch in Miami, Florida, U.S., on Thursday, Jan. 5, 2017. J

As J.P. Morgan Chase builds out its web of branches across the U.S., it is launching into areas long dominated by two of its biggest rivals.

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