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
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