Brian Moynihan

BofA leads effort to draft global ESG standards for public companies


An international coalition led by Bank of America chief Brian Moynihan has proposed a framework for assessing how well big corporations are meeting the environmental, social and governance expectations of investors who value stakeholder capitalism.


Bank of America CEO says more stimulus needed to help last of recovery


Bank of America Chief Executive Brian Moynihan called for another round of federal stimulus to help the U.S. reach a full economic recovery from the coronavirus pandemic.


Torrent of commercial loan paydowns pressures net interest income


Bank of America was the latest large bank to report a second-quarter drop in the key earnings metric after a March surge in credit line utilizations gave way to rapid payoffs in May and June.


Bank of America joins rivals in setting aside billions for bad loans


Second-quarter earnings fell by more than 50% from the same period last year after the company allocated $5.1 billion for potential loan losses.


Bank of America says employees can take personal day for 'Juneteenth'


The bank is encouraging staff to take the day off Friday to commemorate the end of slavery, but intends to keep branches open.


Bank of America commits $1B to coronavirus relief for people of color


The funds will be used to support housing, job training and aid for small businesses in communities that have been disproportionately affected by the pandemic.


Finance CEOs worry markets are too optimistic about economy


Investors are looking past signs of weakness and toward an eventual recovery, but top executives at BlackRock, Citigroup, Goldman Sachs and other financial firms remain cautious as many cities and states remain in partial lockdown to slow the spread of the coronavirus.


BofA looks to rein in costs after staffing up for PPP


Expenses soared in the rush to deploy emergency loans to small businesses, and now Bank of America may need to delay some investments if it hopes to meet cost targets, CEO Brian Moynihan said


Bank of America joins rivals in setting aside billions for loan losses


With the coronavirus pandemic bringing economic activity to a virtual standstill, BofA, like Wells Fargo and JPMorgan Chase, is shoring up its reserves to brace for a likely recession.