Bank of America CEO Brian Moynihan Talks Earnings, Accountability

Bank of America Chairman and CEO Brian Moynihan says the bank has a clear path to resolving issues tied to a $1.2 billion Treasury penalty and is already carrying out remediation work. Speaking to Jonathan Ferro on Bloomberg Businessweek Daily, Moynihan says the bank plans to spend $300 million to $500 million on AI initiatives this year while working with technology companies on safeguards for agentic payments.

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