Key Points
[1/2]Bank of America Chairman and CEO Brian Moynihan speaks at the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 8, 2023..
CEO Brian Moynihan on Wednesday reiterated his expectation of a soft landing for the U.S. economy, saying the lender was seeing a slowdown in consumer spending...
Here are some excerpts from his interview at the Reuters NEXT conference in New York:..
"You're seeing a precipitous slowdown in consumer spending....
"We have a succession planning exercise ... nothing is left to chance here, when I decide or the board decides that my time is up we will activate that plan."..
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