Bank of America President/CEO, Brian Moynihan joined Bloomberg Television’s Erik Schatzker and Stephanie Ruhle today live from Davos and said trading operations were profitable almost every day last quarter as the lender helped clients adjust to the prospect of higher interest rates, “I think we made money on every trading day except for two or three. Quarter after quarter, that’s been trust. It’s because it’s a client business.” Moynihan also said: – U.S. Economy has growth through ‘Fundamental‘ ways – Believes worst of mortgage issue behind Bank of America – ‘Uncertainties’ still exist, still talking to DOJ – Sees ‘underlying business’ making progress at Bank of America, “As we continue the compliance and risk infrastructure that we’ve been building on [...]
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