- Consumers are employed and still spending money, Moynihan says
- CEO warns of risks with proposed capital rules for big banks
Updated on
Bank of America Corp. Chief Executive Officer Brian Moynihan said the firm reversed its prediction for a recession in coming months because of strength in the jobs market and robust consumer spending.
“People are employed, they have money, they are spending money,” Moynihan said in a Bloomberg Television interview Thursday. “It looks like we are reaching a pretty good equilibrium.”
Up Next
Bank of America Reversed Recession Call on Strong Jobs and Spending, CEO Says
Author: Wanda Brooks
Last Updated: 1702257722
Views: 1270
Rating: 4.6 / 5 (41 voted)
Reviews: 98% of readers found this page helpful
Name: Wanda Brooks
Birthday: 1972-09-02
Address: 69138 Joe Lights Suite 270, Port Marktown, OH 90301
Phone: +3944928512196396
Job: Paramedic
Hobby: Graphic Design, Orienteering, Painting, Golf, Bird Watching, Gardening, Mountain Climbing
Introduction: My name is Wanda Brooks, I am a brilliant, intrepid, rare, candid, resolved, welcoming, important person who loves writing and wants to share my knowledge and understanding with you.