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Bank of America CEO Brian Moynihan on the Trump rally, regulation and rising rates

Brian Moynihan, Bank of America's chairman and CEO, shared his views on the market and regulatory environment in an extensive interview with CNBC's Wilfred Frost on Tuesday.

On the rally after Donald Trump's victory: "And the election then basically focused people on a few things. Faster growth, that's good for Bank of America. A higher interest rate structure, that's good for Bank of America. ... So if you think about those types of things, it's no surprise we pushed up hard," he said.

On government regulation: "We're self-interested as an industry. We have an obligation through the FDIC to pay the cost cleanup. We want reasonable regulation and we think it is appropriate," Moynihan said.

Previously, Moynihan ran Bank of America's consumer and small-business banking, wealth management and investment banking divisions.

He also discusses:

  • The mergers and acquisitions environment
  • Technology cost savings from the cloud
  • Rising interest rates
  • European politics

To watch the broadcast interview in its entirety, you must be a CNBC PRO subscriber.