Brian Moynihan

Bank of America's Moynihan says U.S. doesn't need negative rates

11/21/19

Bank of America Chief Executive Officer Brian Moynihan said the U.S. has no need for negative interest rates because its economy is strong, unlike other regions that have employed the tricky strategy.

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Bank of America touts diverse staff in new trove of employee statistics

11/21/19

Bank of America says in a 23-page report that it has boosted the percentage of women and people of color among senior management and hired thousands of people from low- and moderate-income communities.

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Big-bank executives: Many businesses don't want to borrow

11/05/19

Top officials at Bank of America and Wells Fargo said that commercial loan demand is weak, even as U.S. consumers show strength. Their comments echo recent findings by the Federal Reserve.

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Why big banks keep raking in deposits

10/16/19

They’ve long used their marketing muscle to wrest deposit share from smaller competitors. Now, amid growing concerns that the economy is weakening, they could be benefiting from consumers’ flight to safety.

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Bank of America's fee income makes up for margin challenges in 3Q

10/16/19

Net interest income rose just 1%, but the bank rode a surge in advisory and other fees to beat profit estimates.

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Does it really matter where Wells Fargo’s CEO is based?

10/01/19

Incoming CEO Charles Scharf will remain in New York even though the bank's headquarters is in San Francisco. His hiring underscores the diminished importance of geographical proximity for executives at large banks.

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BofA’s CEO says the biggest recession risk is the fear of recession

08/16/19

Bank of America’s customers spent $1.9 trillion this year through Aug. 12, an increase of 5.9% from a year earlier — a sign that the economy, driven by the consumer, remains strong, Brian Moynihan said.

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BofA's plan to sustain its consumer banking mojo

07/17/19

Bank of America says rate cuts could reinvigorate mortgages and that its digital and cards strategies will help it grab more market share to offset shrinking margins.

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Consumer banking results strong for Bank of America in 2Q

07/17/19

Gains in the retail division helped drive overall profit to a record for a fifth consecutive quarter as mortgage activity surged and provisions for bad loans posted a surprise drop from the first quarter.

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BofA, longtime leader in leveraged loans, warns of 'carnage'

06/05/19

The U.S. economy is on solid footing except for one potential trouble spot, according to Bank of America's Chief Executive Brian Moynihan: leveraged loans — a business the bank has dominated for a decade.

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