The Latest Breaking News from Brian Moynihan

Recession is likely, Citi's CEO told a Senate panel today, a sentiment echoed by JP Morgan's chief executive last week.

The indicted senator expressed staunch support for the CFPB, which is under a legal threat of its own.

"The way consumers are spending money is leveling out. But all in all, in pretty decent shape."

Revenge of the nerds is a fantasy.

Brian Moynihan, the CEO of Bank of America, said although consumers are buying less, some families are beginning to spend more than they're bringing in.

The bank industry is expected to grow due to economic recovery, increased consumer spending, and digital transformation. However, risks of potential defaults, and slowing loan growth may pose challenges in the upcoming months. Amid this backdrop, it could be wise to add fundamentally strong banking stocks JPMorgan Chase (JPM), Bank…

BofA becomes the first major Wall Street bank to backtrack on recession prediction, reflecting growing economic optimism.

After a turbulent few months, the banking sector seems to have stabilized lately, as the big banks reported better-than-expected results in the second quarter. However, risks of potential defaults and slowing loan growth could impact the industry in the upcoming months. I think bank stocks JPMorgan Chase (JPM), Bank of…

Big banks are betting on innovation like A.I. to boost growth.

BofA's Q2 revenue beats estimates, client balances climb and loan demand remains steady.

The dramatic rise—and epic fall—of once-hot mortgage lender Countrywide, whose legendary founder died at 83.