BofA's Moynihan on Banking System, Economy and Headcount

Bank of America Chair and CEO Brian Moynihan discusses the takeaways from the recent bank issues, the current state of the banking system and economy, and BofA's headcount plans with David Westin at the Bloomberg Sell-Side Leaders Forum.

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[adtiamzon]

CEO must be unquestionably curious, inquisitive, quick end-to-end thinker, outspoken, open-minded, decisive, opinionated, analytical, strategic, good communicator and listener. 🤩💪🏼

[stevenk]

What this guy wants to say is: Fear sells. Fear makes great news headlines. Banks are fine. Fed is doing something and it's fine. Consumer is fine. Chill out. Let'm get this economy back into balance, and then off we go again. Now, Congress....they're all nuts.

[nkunam]

Business model is simple. Pay zero on Checking Accounts, and park the money at the Fed @4-5%, and make $30-40 billion a year on Zero-Cost funding base of ~$800 billion. Question is why are people still keeping their money in checking accounts? Stupidity!

[arturolangdon]

BAC Sharp should be at Lease at 36 dólares

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[JimmySmith-gwxt]

In Singaporean BOFA I'm goings too change the company into an stockbrokers firm similar too Boerse Deutsch broker's an J.P Morgan but not meek

[JimmySmith-gwxt]

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[bethcushman]

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[jessiemartinfostersr.]

CAN THE INTERNAL REVENUE GO INTO MY ACCOUNT ?

[SeekingFreedom]

He nervous and that should concern everyone lol