BRIAN MOYNIHAN

Brian Moynihan said the world needs a global standards line so business and society can say, "if you're below it we shouldn't do business with you."

Global trade, manufacturing, and warehouse trends provide a picture of consumer health and the economy. It's not looking good right now.

The CEO's statement mirrors the earnings report for JPMorgan Chase, whose economic outlook calls for "a mild recession in the central case."

Expectations are running high that Bank of America will post gains in interest income thanks to higher rates and loan growth in the fourth quarter.

The technology sector loses the No. 1 ranking in the 2023 JUST 100 list of large-cap companies leading on the issues the American public says matter the most.

The bank leaders are providing evidence that the Fed's campaign to subdue inflation by raising borrowing costs is beginning to impact consumer behavior.

The following is a transcript of an interview with Bank of America CEO Brian Moynihan that aired Sunday, Dec. 4, 2022, on "Face the Nation."

U.S. Secretary of State Antony Blinken, former U.S. Attorney General Eric Holder, and more, will appear on "Face the Nation with Margaret Brennan" this Sunday.

Consumers and corporations have strong underlying credit and are not holding back, Brian Moynihan said.

The CEO of Bank of America doesn't appear worried about funding Elon Musk's Twitter takeover.

Amazon founder Jeff Bezos has become the latest corporate leader to warn about the state of the economy.

Consumers are financially resilient, despite high inflation and concerns the U.S. is nearing a recession, according to Bank of America CEO Brian Moynihan.

Bank of America, led by CEO Brian Moynihan, was supposed to be one of the main beneficiaries of the Federal Reserve's rate-boosting campaign.

The CEOs of the nation’s biggest banks have appeared in front of Congress and given a dim view of the U.S. economy, reflecting the financial and economic distress many Americans are facing.

Rents are starting to come down after spiking to record levels this past summer, but experts are uncertain if the slowdown will continue.

NEW YORK (AP) — Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.T[San Marcos, TX] [Hays County news] News San Marcos News, San Marcos Record [Texas State]

The CEO of Bank of America said the recent debate over whether the U.S. economy is technically in a recession or not is missing the point.

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.

President Joe Biden will meet with a group of CEOs at the White House to discuss the state of the U.S. economy.

"One of the toughest jobs [the Fed] have is the American consumer is still in pretty good shape," Moynihan said in an interview on "Mad Money."

Bank of America’s second quarter profits fell by 32% from a year ago, the latest bank to report a decline in profits after a strong 2021.

Bank of America, led by CEO Brian Moynihan since 2010, had enjoyed tailwinds as rising interest rates and a rebound in loan growth boost income.

It won't necessarily be a recession, but expect a rocky road ahead, warns the JPMorgan Chase CEO.

The Federal Reserve is in the middle of an inflation-fighting campaign that has pummeled markets, especially for formerly high-flying growth stocks.

BofA's Brian Moynihan on Monday predicted that people "probably" won't start spending down their stimulus check-boosted balances right now.

Brian Moynihan said Bank of America will assemble a broad team of employees to discuss what the company can do if Roe v. Wade is struck down.

"They are a very strong force and you can see them very healthy," Moynihan said Tuesday.

Projecting the economy two years out is almost impossible in normal times, let alone coming out of a pandemic accompanied by unprecedented stimulus.

Bank of America is supposed to be one of the big beneficiaries of rising interest rates — but will that be enough to offset declines in investment banking?

Strong consumer spending and economic data show that Fed needs to start raising interest rates, BofA chief said.

Bank of America's relationships with U.S. households, small businesses and corporations give Moynihan a unique view into the health of the economy.

High inflation and tangled supply chains have seeped into nearly every nook of the economy, forcing consumers and businesses to make painful decisions that many of them have never had to contemplate before.

How well did Bank of America navigate the jump in employee expenses that has stung rivals?

The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he’s ever seen but he remains concerned about how inflation and supply-chain issues will influence the economy going into the winter.

Banks have been releasing loan loss reserves when defaults didn't arrive.

Bank of America CEO Brian Moynihan announced on Friday the most sweeping management overhaul of his 12-year tenure atop the giant financial institution.

While the company has a CEO succession plan in place, Moynihan has said publicly that he hopes to continue running Bank of America for years to come.

Bank of America CEO Brian Moynihan told CNBC the company's back-to-work plan focuses on vaccinated employees for now.

The spend increased from around $300 million per year nearly 12 years ago.

Bank of America CEO Brian Moynihan encouraged the Federal Reserve to ease up on its ultra-easy monetary policy

Nearly all spending categories have recovered with the exception of travel, according to the Bank of America CEO.

The following is a transcript of an interview with Bank of America CEO Brian Moynihan that aired Sunday, June 6, 2021, on "Face the Nation."

The CEOs of the six biggest U.S. banks have appeared before Congress, eager to lay out their support for struggling consumers and small businesses.

Bank of America wants to attract and retain the best talent, and the bank is willing to pay extra for it, CEO Brian Moynihan said Thursday.

The bank joins Amazon, Chipotle and McDonald's on a short list of big companies that recently hiked their hourly wages.

Consumer banking giant Bank of America plans to set the minimum wage for all positions at the company to $25 an hour by 2025, the bank said Tuesday.

The bank had previously raised its minimum wage to $20 last year, a year earlier than previously announced.

Bank of America joined rivals in posting a quarterly boost from an improving credit outlook.

Bank of America is expanding its racial justice initiative, devoting more funding toward advocacy and equality for communities of color. The bank says the additional funds "will further support investments to address racial justice, advocacy and equality for people and communities of color, including those of Asian descent." The bank also says it will immediately direct $1 million "in support of increased advocacy, dialogue and engagement with the Asian American community." Bank of America added that it will match employee donations to these organizations in an effort to double donations through its matching gift program. Today's commitment builds upon Bank of America's many years of work in support of inclusion and racial equality."

Brian Moynihan, CEO of Bank of America, at the Goldman Sachs U.S. Financial Services Conference on December 4, 2018. Bank of America CEO Brian Moynihan is awarding nearly all of his 212,505 employees with a bonus for their work during the coronavirus pandemic. Employees who make between $100,000 and $500,000 annually will receive 150 to 750 restricted stock units, the bank said. Bank of America began giving employees $1,000 annual cash awards in 2017, a program it continued until the pandemic struck. News of the $750 cash bonuses was reported earlier by Bloomberg.

The bank said profit fell 28% to $5.47 billion, or 59 cents a share, compared with the 55 cent estimate of analysts surveyed by Refinitiv. Bank of America shares fell 1.6% in premarket trading Tuesday. Shares of Bank of America dropped 15% in 2020, compared with the 4.3% decline of the KBW Bank Index. Here are the numbers:Earnings: 59 cents a share, vs 55 cent estimate of analysts surveyed by Refinitiv. Revenue: $20.2 billion, vs $20.7 billion estimate.

A second Democratic member of the House who was forced to go into lockdown during last weeks violent protest has tested positive for COVID-19. Rep. Pramila Jayapal of Washington says she has tested positive. Those who tested positive were among dozens of lawmakers who were whisked to a secure location when pro-Trump insurrectionists stormed the Capitol on Wednesday. It's not certain where and when lawmakers caught the illness, but the Capitol’s attending physician notified all House lawmakers of possible virus exposure and urged them to be tested. Rep. Bonnie Watson Coleman of New Jersey said Monday that she had tested positive for COVID-19.

(AP Photo/Patrick Semansky)WASHINGTON – House lawmakers may have been exposed to someone testing positive for COVID-19 while they sheltered at an undisclosed location during the Capitol siege by a violent mob loyal to President Donald Trump. The Capitol’s attending physician notified all lawmakers Sunday of the virus exposure and urged them to be tested. Some lawmakers and staff were furious after video surfaced of Republican lawmakers not wearing their masks in the room during lockdown. Trump is now facing impeachment after having incited supporters who were rallying near the White House before they marched to the Capitol. A woman from California was shot to death by Capitol Police and three other people died after medical emergencies during the chaos.

(AP Photo/Patrick Semansky)WASHINGTON – House lawmakers may have been exposed to someone testing positive for COVID-19 while they sheltered at an undisclosed location during the Capitol siege by a violent mob loyal to President Donald Trump. The Capitol's attending physician notified all lawmakers Sunday of the virus exposure and urged them to be tested. No further details were provided on which person has tested positive for the virus. Some lawmakers and staff were furious after video surfaced of Republican lawmakers not wearing their masks in the room during lockdown. A woman from California was shot to death by Capitol Police and three other people died after medical emergencies during the chaos.

Consumers are spending more via Bank of America accounts this year, in the midst of the coronavirus pandemic, than they did in 2019, according to CEO Brian Moynihan. "When you look at what they're spending year-to-date, they've spent more in 2020 than they did in 2019, and that is now across $2.7 trillion in money moved by our consumers," Moynihan told CNBC's Wilfred Frost in a Wednesday interview. "Way back in May, you could see it flattening out and starting to grow," Moynihan said of the spending data. While spending at restaurants is down 25% year over year, transactions tied to home improvement have made up for the drops elsewhere, he said. Despite the positive signs, Moynihan said that another round of stimulus is still needed to support the unemployed and small businesses.

Bank of America shares fell in Wednesday's premarket after the lender posted third-quarter results that missed on revenue. The bank said it generated $20.45 billion in total revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv. The firm's bond trading desks produced $2.1 billion in revenue, under the $2.28 billion estimate of analysts surveyed by Refinitiv. Revenue: $20.45 billion, vs the $20.8 billion estimate. Trading Revenue: Fixed Income of $2.1 billion, vs $2.28 billion estimate, Equities of $1.2 billion, vs $1.2 billion estimate

President Donald Trump looks on during the daily briefing on the novel coronavirus, which causes COVID-19, in the Brady Briefing Room of the White House on April 24, 2020, in Washington, DC. Three of the men Ellison, Schwarzman and Catsimatidis are big Trump donors. President Donald Trump has sought and received advice on tackling the coronavirus crisis in private conversations with several of his allies in the business world, according to people familiar with the matter. The person who described this response would not explain which banks or executives the White House referred to in its response. The New York Times reported Ellison discussed with Trump the idea of potentially using hydroxychloroquine, an anti-malaria drug, as a coronavirus treatment.

Larry Hogan, Barry Diller, Brian Moynihan, London Breed, Dr. Scott Gottlieb Today on "Face the Nation," the struggle between saving the economy and saving American lives intensifies, and President Trump's wishful thinking is stopped short by reality.

Bank of America CEO Brian Moynihan said Sunday that the small business loan program passed by Congress should be expanded so that it no longer runs on a first-come, first-served basis. Congress passed a second round of funding for the Payroll Protection Program last week, and businesses can apply for the $310 billion starting on Monday morning. The program offers loans to small businesses that can be transformed into grants if the businesses meet requirements for spending on payroll. So I actually hope we run out of money quickly so we can get that money into workers' pockets." Mnuchin said that further spending, whether to help small businesses or states faced with rising health care costs and plunging tax revenue, would need to be agreed upon on a bipartisan basis.

Bank of America said Wednesday that first-quarter profit slumped 45% as the company set aside $3.6 billion for loan-loss reserves because of the coronavirus pandemic. The bank posted profit of $4.01 billion, or 40 cents a share, compared with the 46 cent estimate of analysts surveyed by Refinitiv. The lender's giant consumer banking business saw profit decline 45% to $1.79 billion on higher loan loss reserves and lower interest income. Wealth management profit fell 17% to $866 million and global banking profit was nearly wiped out as the company built larger reserves for commercial loan losses. At JPMorgan, the hits were partly offset by record quarterly trading revenue.

Every single person in this office right now has a family. Every single person in this office right now has children. Every single person in this office right now has elderly parents. Bank of America not aloneBank of America isn't the only Wall Street firm facing such a balancing act. As the virus has continued to spread, Bank of America has continued to underscore its commitment to the safety of its workers.

Kevin Dietsch | Bloomberg | Getty ImagesBanks are scrambling to process a growing backlog of applications for the U.S. program designed to funnel at least $350 billion in relief to small businesses struggling during the coronavirus pandemic. For instance, the two biggest U.S. banks, JPMorgan Chase and Bank of America, had a combined 625,000 in requests for $80 billion in loans as of Tuesday. "We are beginning to process those through to the SBA," Moynihan said Tuesday during a White House briefing. It was designed to give small businesses a lifeline with government-backed loans that are forgiven if used for payroll or other approved expenses. The system, which handled $28 billion in loans all of last year, forces users to restart applications if they are off by a single letter.