Brian Moynihan

Bank of America warns major threat could wipe trillions out of US banks

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Bank of America warns major threat could wipe trillions out of US banks

Brian Moynihan issued a grim warning about stablecoins. During a Jan. 15 earnings call, Bank of America’s CEO told analysts that as much as $6 trillion in deposits could migrate out of the U.S. banking system into stable currencies, about 30 percent to 35 percent of all U.S. commercial bank deposits. Moynihan attributed the projection … Read more

Bank of America’s CEO drops an unexpected view on the economy

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Bank of America’s CEO drops an unexpected view on the economy

It’s no secret that tariffs, trade wars, and talk of recession have dominated the economic conversation over the past year. Heading into 2026, however, The CEO of Bank of America don’t panic. In an interview on CBS News’ “Face the Nation with Margaret Brennan,” Brian Moynihan made a much quieter, counterintuitive argument that tariff-induced shock … Read more