BofA's Moynihan to keep fighting controversial 'bathroom bill'

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Companies boycott North Carolina after bathroom law

Bank of America CEO Brian Moynihan is stepping up rhetoric in defense of transgender rights in his bank's home state of North Carolina.

"We've been steadfast in our commitment [against] discrimination," Moynihan said during a shareholder meeting in Charlotte on Wednesday. He was responding to a question asking how he would continue to fight HB2, or the controversial bathroom bill, as it is also known. "We have been a leader in LGBT practices since the [19]90s."

While executive compensation, clawbacks and other run-of-the-mill annual meeting issues were on the ballot, it's clearly something weighing on North Carolina investors' minds. When Bank of America's Q&A session began, HB2 was the first topic one questioner, who did not disclose his last name, sought to address.