Brian Moynihan

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.


BofA offers emergency loans to borrowers first, freezing out depositors


The decision sparked outrage from small-business owners who have checking accounts with the bank but not loans or business credit cards. Bank of America started taking applications Friday for a $349 billion program that's intended to offer aid to small businesses suffering from the shocks of the coronavirus pandemic.


Bank of America pledges to retain and pay staff throughout 2020


CEO Brian Moynihan also said in an interview that the bank is helping clients affected by the coronavirus pandemic through increased commercial lending to companies and expanded forbearance for Main Street customers.


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


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.


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


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.


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


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.