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The Latest Breaking News from Brian Moynihan

'Buy in May, sell in August' says Bank of America strategist

The Bank of America has debunked a market myth and uncovered when investors should really be selling up this summer.

Fortune

Warren Buffett slams failed banks for doing ‘dumb things’ but says ‘depositors will be safe no matter what’

Buffett blamed failed-bank executives for causing instability in the financial sector Wednesday, but said with regulators’ backing, “banks can go bust” and “depositors aren’t going to be hurt.”

Fortune

New CEO of failed Silicon Valley Bank was once fired from his Charlotte banking job

The new CEO of failed Silicon Valley Bank is a familiar name to many in Charlotte’s banking community — Tim Mayopoulos was fired as general counsel of Bank of America in 2008 in the midst of the financial crisis and escorted out of the office by an HR representative.

Tribune News Service

From analysis to the latest developments in health,
read the most diverse news in one place.

Bank of America CEO predicts most people won’t even notice ‘slight’ recession

Consumer spending is not slowing at the rate the Fed hoped for, Brian Moynihan said.

Fortune

Bank of America CEO predicts ‘slight’ US recession this year

Bank of America CEO Brian Moynihan says he expects mild downturn in third quarter of 2023.

Al Jazeera

‘Hope is not a strategy’: BofA CEO warns corporate America must prepare for the worst around debt ceiling

Bank of America CEO, Brian Moynihan, said now is not the time to start tweaking the 250-year-old Constitution.

Fortune

Giannis Antetokounmpo of the Milwaukee Bucks aims to level the playing field in ESG investing

The NBA star is launching a new venture with John Koudounis, president and CEO of Calamos Investments.

Fortune

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Bank of America tops stakeholder capitalism rankings

Under Brian Moynihan, the bank has increased the minimum wage, expanded parental leave, and avoided layoffs.

Fortune

Goldman Sachs weighs 40% cut on investment banker bonuses

As Wall Street goes from feast to famine, Goldman Sachs is reportedly weighing the largest cuts to banker bonuses since the 2008 financial crisis

Fortune

Bank of America chief doesn’t see the point of layoffs—let natural attrition do the trick

Many of Bank of America’s peers at Goldman Sachs and Morgan Stanley have already started culling their employees as dealmaking dries up.

Fortune

Goldman Sachs CEO says clients are shifting away from supply chain resiliency to keeping headcount down, but 'I'm not hearing panic'

Big banks weigh in on inflation, a pending recession, and consumer spending.

Fortune

United Airlines CEO says he doesn’t see evidence of a recession: ‘The word wouldn’t be in my vocabulary.’

CEO Scott Kirby also suggested that the shift to hybrid work would help the airline, as it "makes every weekend a holiday.”

Fortune

Bank of America CEO says the latest jobs report supports his prediction of a 'mild' recession

“The belief was when the Fed started raising rates that there would be an immediate snap to the economy,” Brian Moynihan said. “That didn't happen.”

Fortune

Biden’s state dinner for Macron includes notable VIP guests

WASHINGTON — Apple Chief Executive Officer Tim Cook, Bank of America CEO Brian Moynihan, KKR and Co. co-founder Henry Kravis and film producer Jeffrey Katzenberg were among the guests Thursday at President Joe Biden’s first state dinner honoring French President Emmanuel Macron.

Tribune News Service

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Fortune

Bank of America CEO defends stakeholder capitalism amid political backlash

Bank of America CEO Brian Moynihan explained that stakeholder capitalism works for four key constituents.

Tribune News Service

Inflation is ‘insidious’: Bank of America CEO Brian Moynihan talks possible recession

Brian Moynihan took on one of the toughest jobs in the world in 2010: turning around the largest bank in America following a devastating financial crisis.

Fortune

Why Bank of America CEO Brian Moynihan is not so stressed about recession

"We are in pretty good shape. Recession predicted. Those things will collide.”

Benzinga

Are Cracks Beginning To Form? Bank Of America Is Watching Credit Card Delinquencies Closely

Bank of America Corp (NYSE: BAC) was out Monday with its current asset quality ratings.

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The Independent UK

Top US bank CEOs warn they can stop working with China if Taiwan is invaded

‘We will follow government’s guidance which has been for decades to work with China’

Roll Call

Bank executives warn lawmakers of lending risk among nonbanks - Roll Call

Bank executives warned House lawmakers that the biggest lenders in the mortgage market are nonbanks that face fewer capital requirements.

The Independent UK

Rents are starting to come down, but the trend may not hold

Rents are starting to come down after spiking to record levels this past summer, but experts are uncertain if the slowdown will continue

Fortune

'ESG' represents a fundamental shift in business strategy—but the term is unclear, unpopular, and increasingly polarizing

"Women's and family health has always been underserved," says Ryder.

Tribune News Service

Robert Burgess: Recession predictions are piling up. Don't freak out

Wall Street’s focus seems to have changed in recent days from how fast and how high the Federal Reserve will raise interest rates to the timing of the next recession. The two are not mutually exclusive. The consensus is that the Fed is so far behind that curve when it…

Benzinga

Bank Of America Reports Strong Earnings Results: Why This Investor Says The Firm Is Well Positioned Moving Forward

Bank Of America Corp (NYSE: BAC) on Monday reported strong first-quarter financial results led by an increase in consumer lending activity.

Benzinga

Read Why Morgan Stanley Upgraded Bank Of America

Morgan Stanley analyst Betsy Graseck upgraded Bank of America Corp (NYSE:BAC) to Equal Weight from Underweight with a price target of $49, down from $51. The price target implied an upside of 13.7%. Graseck downgraded the U.S. banks and consumer finance sector to In-Line from Attractive, saying "war changes everything." Graseck upgraded Bank of…

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