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Since the Great Recession, Bank of America (NYSE: BAC), one of the largest commercial lenders in the country, has been going about a strategy that CEO Brian Moynihan calls "responsible growth." This refers to growing the balance sheet with disciplined loan underwriting so the bank can ride out any economic downturns. In the fourth quarter, Bank of America reported a big step up in commercial net charge-offs, which represents debt unlikely to be collected and a good indicator of actual loan losses.