Bank of America sent CNBC the following statement regarding its decision to combine the role of CEO and chairman.» Read More
Bank of America CEO Brian Moynihan defended the bank's decision to impose a $5 debit card fee on customers next year, saying it was needed, in part, to recoup billions of dollars in costs from complying with Dodd-Frank law.
Bank of America CEO Brian Moynihan talks to CNBC's Larry Kudlow about the bank's decision to charge fees for debit card use, the Durbin tax, and how retail banks can rebuilt profitability and provide good customer service. The interview took place at the Atlantic Monthly Washington Ideas Forum.
This is a transcript of Warren Buffett's live interview on CNBC with Andrew Ross Sorkin on Friday, September 30, 2011. In it, Buffett says he thinks it is "very, very unlikely" the U.S. economy will go back into recession. He also reveals that Berkshire has been buying billions of dollars worth of inexpensive stocks during the third quarter, and has just started to repurchase its own shares.
CNBC's Mary Thompson has the story on Bank of America's plan to cut jobs.
CNBC's Steve Liesman breaks down the numbers on the latest NFIB index, and a look at how CEO Brian Moynihan plans to stabilize Bank of America, with CNBC's Mary Thompson.
Bank of America's CEO Brian Moynihan once again laid out his company's plan to meet regulatory capital requirements and denied that the company will have to issue new stock to raise capital. The bank can meet its requirements simply by retaining profits.
When Brian Moynihan took over Bank of America in 2010, Ken Lewis said that his nickname for the now-CEO was, "Tazmanian Devil."
If you dropped in on any of the usual Wall Street watering holes or eateries last night, you would have almost surely heard guys with well-pressed open collared shirts talking about Tom Montag.
Brian T. Moynihan takes the stage at a Midtown Manhattan hotel on Monday to tell investors what is in store for Bank of America, but already the chief executive’s plans are generating the kind of buzz reserved for the opening of a Broadway show down the street. The NY Times reports.
The Bank of America CEO had protested the financial institution didn't need to raise capital, but then strikes a $5 billion deal with Warren Buffett a few weeks later, much to the ire of the "Fast Money" traders.
Since CEO Brian Moynihan took the title as CEO at the start of 2010, the stock is down more than 50 percent. Insight with Jonathan Finger, BofA shareholder.
Bank of America may not understand its capital problem, at least from an investor viewpoint.
Bank of America shares finished down more than 10 percent as an afternoon conference call by CEO Brian Moynihan did little to reassure jittery investors.
Brian Moynihan, Bank of America CEO gives his perspective on credit default swaps; capitalization and regulations, and today's Fed announcement and the economy.
Brian Moynihan, Bank of America CEO outlines his turnaround strategy for the financial giant and discusses whether the company needs to raise more capital as it deals wtih mortgage-related lawsuits.
Discussing who's in charge at Bank of America; the CEO or the markets, with CNBC's Kate Kelly, and perspective on what's ailing the banking sector, with Daniel Alpert, Westwood Capital.
Despite uncertainties over housing prices and unemployment, the U.S. economy is "moving forward," Bank of America CEO Brian Moynihan told CNBC Friday.
After 18 months at the helm of the nation's largest bank by assets, Bank of America Chief Executive Brian Moynihan said mortgages continue to cloud the bank’s outlook.