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Top related persons:
Andy Cecere - 1 William Demchak - 1 Jamie Dimon - 1 Jane Fraser , - 1 Brian Moynihan - 1 William Rogers - 1 Wells - 1 Bank of America's Brian Moynihan - 1
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WASHINGTON Wells Fargo Silicon Basel New York
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U.S . Bancorp - 1 PNC Financial Services Group - 1 JPMorgan Chase - 1 Co - 1 Citigroup - 1 Jane Fraser , Bank of America - 1 Truist Financial - 1 JPMorgan - 1

Search resuls for: "Bank of America's Brian Moynihan"


7 mentions found


☆ U.S. bank CEOs expected to protest regulation push before Congress
  + stars: | 2023-12-04 | by ( Pete Schroeder | Thomson Reuters | Covers Financial Regulation | ) www.reuters.com   time to read: +4 min
Spokespeople for the banks declined to provide comment ahead of the hearing or did not respond to requests for comment. Kevin Fromer, president of the Financial Services Forum, which represents the CEOs, said he expected Basel to be a focus. Big bank CEOs have been appearing before Congress for several years after the 2007-09 financial crisis and subsequent scandals thrust the industry into Washington's crosshairs. Former Wells Fargo CEO Tim Sloan, meanwhile, resigned in March 2019 after stumbling during a hearing about the bank's regulatory woes. But after years of playing defense, the CEOs are expected to be more assertive, this time backed by Republicans critical of red tape.
Persons: Andy Cecere, William Demchak, Jamie Dimon, Jane Fraser ,, Brian Moynihan, William Rogers, Wells, Bank of America's Brian Moynihan, Citi's Jane Fraser, Wells Fargo's Charles Scharf, Goldman Sachs, David Solomon, Morgan Stanley's James Gorman, Ronald O'Hanley, BNY Mellon's Robin Vince, Sherrod Brown, Brown, Kevin Fromer, Dimon, Elizabeth Warren, Tim Sloan, meanwhile, Tim Scott, Pete Schroeder, Nupur Anand, Tatiana Bautzer, Saeed Azhar, Lananh Nguyen, Michelle Price, Nick Zieminski Organizations: U.S . Bancorp, PNC Financial Services Group, JPMorgan Chase, Co, Citigroup, Jane Fraser , Bank of America, Truist Financial, JPMorgan, Bank of America, Bank of America's, Democratic, Silicon Valley Bank, Financial Services, Big, Former Wells, Republicans, Thomson Locations: WASHINGTON, Wells Fargo, Silicon, Basel, New York
☆ Jim Cramer: This is what I learned from the real first week of earnings season
  + stars: | 2023-04-23 | by ( Jim Cramer | ) www.cnbc.com   time to read: +10 min
"Simply stated we're in a freight recession." That line, uttered last Monday by Shelley Simpson, president of J.B. Hunt (JBHT), the fourth-largest trucking company in the United States, was the most memorable of the real first week of earnings season. If so, it would know that we're dealing with much more than a freight recession. It's not enough to offset the immense deflationary pressure emanating from the regional banks and the freight recession described by J.B. Hunt. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
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☆ Bank of America, JPMorgan and other banks reportedly team up on digital wallet to rival Apple Pay
  + stars: | 2023-01-23 | by ( Jesse Pound | ) www.cnbc.com   time to read: +1 min
Several banks are reportedly working on a digital wallet that links with debit and credit cards to compete with Apple Pay and PayPal. According to the Wall Street Journal, the digital wallet would be operated by Early Warning Services, a joint venture from several banks that also runs Zelle. The major banks involved include Wells Fargo , JPMorgan Chase and Bank of America , according to the report. The new wallet would initially be launched with Visa and Mastercard already on board, according to the report. Shares of PayPal, which has digital payments as its core business, slipped about 1.5% in premarket trading.
☆ Bank of America CEO says new rules to reboot capitalism must be straightforward for businesses
  + stars: | 2023-01-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America CEO says new rules to reboot capitalism must be straightforward for businessesBank of America's Brian Moynihan discusses how businesses must take a leading role in rolling out new official global standards for corporate reporting.
☆ Why one fast-casual restaurant is a Wall Street favorite, even with a recession looming
  + stars: | 2023-01-13 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +6 min
One fast-casual restaurant chain has remained a favorite on Wall Street even as the U.S. grapples with a potential looming recession. Over the past 15 months, the burrito chain has introduced three rounds of price increases that boosted the cost of its products 13% from a year earlier. In addition, many Wall Street analysts are forecasting a mild recession, which is better for fast-casual restaurants as the hope is consumers won't have to pull back very much or for very long. Potential for growth Another reason that Wall Street likes Chipotle is that it has solid potential for growth in the coming months and years, according to Zackfia. Overall, however, Wall Street sees fast-casual restaurants holding up to economic weakness.
☆ Watch CNBC's full interview with Bank of America's Brian Moynihan
  + stars: | 2022-12-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bank of America's Brian MoynihanBrian Moynihan, Bank of America chairman and CEO, joins 'Closing Bell' to discuss the U.S. economy and why he sees a slight recession early next year, issues that worry him regarding the United States' long-term competitiveness and his expectations for 2023.
☆ Big U.S. bank CEOs to be grilled by Congress on consumer, social issues
  + stars: | 2022-09-19 | by ( Pete Schroeder | ) www.reuters.com   time to read: +5 min
The line-up includes the CEOs of the four largest U.S. banks: JPMorgan's Jamie Dimon, Bank of America's Brian Moynihan, Citi's Jane Fraser and Wells Fargo's Charles Scharf. They will be joined by USBancorp (USB.N) CEO Andy Cecere, PNC Financial (PNC.N) CEO William Demchak, and Truist Financial CEO William Rogers, who run the country's largest regional lenders. That's a message the banks' executives, lobbyists, and trade groups have conveyed during a marathon of private meetings with key lawmakers over the past few weeks, the sources said. But bank executives are also wary of growing criticism from Republicans, traditionally allies who have pushed back against heavy regulation, over what they see as Wall Street's increasingly liberal leanings on environment and social issues. While executives faced some critical questions from Republicans on such issues last year, the pressure will be greater this time, said analysts.
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