President Donald Trump publicly blasted Bank of America CEO Brian Moynihan at the World Economic Forum in Switzerland, accusing the financial giant of “debanking” his conservative supporters. Trump took Moynihan to task at Davos — the snooty Alpine talking shop for the self-styled global elite — over allegations that BofA cancelled the accounts of Christian activist groups,
President Trump’s accusation that Bank of America dropped conservatives as clients serves as a reminder C.E.O.s may face unexpected attacks by the White House.
The president bashed Jerome Powell on inflation less than two hours after the Fed chair announced interest rates would stay put. As Bank of America CEO Brian Moynihan may attest, Trump’s timing is not coincidental.
Sen. Tim Scott (R-SC) told a group of reporters on Tuesday that de-banking would be a major focus with him at the helm of the Senate Banking Committee.
A commitment to embracing AI and the changing digital world are key to success in legacy industries, Bank of America CEO Brian Moynihan and Takeda Pharmaceutical CEO Christophe Weber said. Why it matters: While companies in traditional sectors have at times been slow to adopt the latest advancements and respond to shifting consumer needs,
President Trump threw a curveball to Bank of America CEO Brian Moynihan after his Thursday address at the World Economic Forum in Davos, Switzerland. The president alleged that BofA has refused business from conservative customers.
Bank of America’s CEO said the US banking industry will embrace crypto payments if clearer rules are in place from regulators.
Brian Moynihan was asked by CNBC’s Andrew Ross Sorkin about how the industry’s approach to crypto could change given President Donald Trump’s enthusiasm.
The company wants to develop “American First” investment vehicles with funding of up to $250 million to be custodied by Charles Schwab, it said Wednesday.
President Donald Trump confronted Bank of America CEO Brian Moynihan Thursday over a claim gaining traction in conservative circles: that customers are being 'de-banked' for their personal beliefs.
President Donald Trump delivered an unexpected critique of Bank of America (BAC) CEO Brian Moynihan, accusing the executive of restricting
Trump Media set to launch its own financial investment brand - Truth.Fi to offer services to conservatives who may feel frozen out by big banks