The Latest Breaking News from Brian Moynihan

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.

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.

“We continue to see a healthy U.S. economy that is growing at a slower pace, with a resilient job market," said CEO Brian Moynihan.

Despite the economic headwinds, the software industry is expected to see solid growth due to the high demand for automation technology and digital business initiatives. Therefore, fundamentally strong stocks, Salesforce (CRM) and PDF Solutions (PDFS), which show high growth potential, might be worth buying. These stocks are B (Buy) rated…

The Bank of America has debunked a market myth and uncovered when investors should really be selling up this summer.

Buffett blamed failed-bank executives for causing instability in the financial sector Wednesday, but said with regulators’ backing, “banks can go bust” and “depositors aren’t going to be hurt.”

The new CEO of failed Silicon Valley Bank is a familiar name to many in Charlotte’s banking community — Tim Mayopoulos was fired as general counsel of Bank of America in 2008 in the midst of the financial crisis and escorted out of the office by an HR representative.