Bank of America CEO Brian Moynihan said Thursday that Europe's structural issues like Brexit could have consequences for the banking giant.
"[Brexit] is unprecedented obviously," Moynihan told a panel hosted by CNBC at the World Economic Forum in Davos, Switzerland.
"People have to remember the point about the synergy between the banks and the economy. It's also the bank's capital markets and the economy. And any time you divide that in pieces it's not as effective," he said when asked about the issues banks face after the U.K. quits the EU.