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The Latest Breaking News from Brian Moynihan

Bank of America is splashing out $250 million a year on weight loss drugs for its staff: ‘We see a great impact on employees,’ CEO says

Weight-loss drugs are becoming a popular perk, with almost a third of workers saying they’d even switch jobs for it. Bank of America has them covered.

Fortune

Major bank CEO says company spends $250 million a year on GLP-1 drugs for its employees

GLP-1 drugs for weight loss are on the rise, with 11 percent of Americans saying they take one in a recent poll

The Independent UK

Bank of America CEO Says The Company Spends $250 Million A Year on GLP-1 Drugs for Their Employees. He Calls It a Good Investment

Bank of America CEO Brian Moynihan said the company has dramatically increased its investment in medications such as Novo Nordisk's Ozempic and Wegovy and Eli Lilly's Zepbound.

International Business Times

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The World Cup delivered $20 billion shot in the arm for US economy as host cities saw spending boom

Kansas City is among the destinations said to have benefited from the soccer tournament - but not every host saw the same boost

The Independent UK

Wall Street Volatility Becomes Bank of America’s Gold Mine, Trading Revenue Soars 33%

Bank of America Corp. (NYSE:BAC) reported stronger-than-expected second-quarter fiscal 2026 results on Tuesday.

Benzinga

By 7 a.m., Bank of America’s CEO has already read 5 newspapers, his email inbox, and hit the gym—he says if you’re late to meetings, you’re ‘selfish’

Brian Moynihan says punctuality is a cornerstone of workplace respect, joining JPMorgan and Southwest CEOs with strong feelings about meetings.

Fortune

BofA throws cold water on AI apocalypse panic: 60% of today's jobs didn't exist in 1940

AI will reshape 840 million jobs, BofA says. That’s not the same as destroying them.

Fortune

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Top Wall Street Banks Shed Thousands Of Jobs Despite Strong Profits: Report

Top Wall Street banks have shed thousands of jobs in the first quarter of the year despite notching record profits, according to a new report.

International Business Times

Bank Of America Signals Resilient US Economy As Profits Rise On Trading Strength

Bank of America's latest results add to Wall Street signals that US economic activity is holding up despite persistent rate uncertainty.

International Business Times

BlackRock CEO Larry Fink warns AI is creating a ‘crisis’ for Gen Z workers: the class of 2026 could face the highest unemployment in years—even without a recession

New college graduates hoping for a white-collar career shouldn’t hold their breath, BlackRock boss Larry Fink warns: “AI is going to disrupt many of those types of jobs.”

Fortune

A U.K.-based sustainability initiative is drawing U.S. CEOs like BoA's Brian Moynihan: 'We've got to make this happen the right way'

Also: All the news and watercooler chat from Fortune.

Fortune

President Trump look away now — a 16th century royal palace in the U.K. is leading the energy sustainability drive, and Americans are invited

Three of Wall Street’s biggest leaders – Brian Moynihan from Bank of America, State Street's Ron O’Hanley, and Janet Truncale from EY are in the U.K. to promote private sector efforts.

Fortune

Peter Thiel warned AI is coming for 'math people before word people.' Banks have already said smaller headcounts are possible

Last month, Block announced a 40% cut to its headcount, or about 4,000 jobs, and cited AI models as a top reason.

Fortune

Brian Moynihan isn't so worried about an AI jobs bloodbath, pointing to a 1960s theory that computers would end all management roles

"People wrote ... in 1969 that there would be no managers left in business because the computer itself would eliminate the need for managers, because they just moved information. Well, guess what? We have 20,000 managers today at Bank of America," Moynihan said.

Fortune

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Fortune

JPMorgan, BofA will match the $1,000 'Trump Accounts' for employees' children. Here's how to open an account

"By matching this contribution, we’re making it easier for them to start saving early, invest wisely, and plan for their family’s financial future," Jamie Dimon said.

Fortune

The job market is broken, but Nvidia CEO Jensen Huang is 'fairly confident' that AI will increase productivity and therefore, hiring—but there's a catch

As Gen Z struggles to start their careers, Nvidia’s CEO Jensen Huang predicts “more hiring” is on the way—but only for workers who embrace AI.

Fortune

Stock futures slide while gold and silver jump after Powell investigation raises fears over the Fed's independence

Powell said the investigation rests on “pretexts,” arguing it's retaliation for the Fed’s refusal to follow the Trump's preferences on interest rates.

Fortune

Bank of America CEO says he hired 2,000 recent Gen Z grads from 200,000 applications, and many are scared about the future

Brian Moynihan says the fears are understandable, but urges young grads not to lose hope about the job market.

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news in one place.

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Fortune

‘We’ve gotten out of whack’ by fixating so much on Fed rates, but the loss of its independence will be punished, BofA CEO Brian Moynihan says

“There’s too much fascination with the Fed,” Moynihan said.

Fortune

As millions of Gen Zers face unemployment, McDonald's CEO dishes out some tough love career advice for navigating the market: ‘You've got to make things happen for yourself’

As millions of Gen Z fall into NEET status, McDonald's CEO Chris Kempczinski has some blunt advice for young people: stop waiting around for help.

Fortune

Bank of America's CEO sees a 'huge opportunity' in the U.S. wealth business

Brian Moynihan discussed bold growth targets and a strategy with reporters at the bank's investor day.

Fortune

Bank of America CEO: AI deployed across entire workforce to drive growth and productivity

The bank has made $118 billion in technology investments over the past decade.

Benzinga

BofA CEO Warns Shutdown Could Slow Economy; Economist Sees Rising Recession Risk (CORRECTED)

Editor's Note: This article has been updated to correctly reflect comments made by Bank of America CEO Brian Moynihan

Fortune

Brian Moynihan warns government shutdown risks slowing the economy—and urges policymakers to address fiscal concerns with a 'clear head'

“Ultimately it’s going to slow down the economy,” he says.

Fortune

A recession could test whether AI is truly fueling an economy with 'jobless growth'

Also: All the news and watercooler chat from Fortune.

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