News with the tag "brian moynihan"

Bank of America, one of the largest financial institutions in the US, is planning to launch its own stablecoin, according to its CEO. In a new interview at the Economic Club of Washington, D.C., Bank of America CEO Brian Moynihan says they intend to launch a stablecoin once laws change to allow it, ...

Bank of America CEO Brian Moynihan says US banks will start providing crypto payment services if federal regulators ever approve it. In a new interview with CNBC at the World Economic Forum in Davos, Switzerland, Moynihan says US banks are prepared to start offering crypto services if US President D...

Bank of America is predicting a mild recession will happen during the last two quarters of 2023. Brian Moynihan, CEO of Bank of America stated that this recession will be the consequence of the U.S. Federal Reserve tightening actions in order to fight inflation, and how this will increase unemployme...