Bank of America CEO says credit quality strong; no impact from Omicron variant -Breaking
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© Reuters. FILE PHOTO: Brian T. Moynihan, chairman & CEO of Bank of America, testifies before a House Financial Services Committee hearing on “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 Years After the Financial Crisis” on CapiNEW YORK (Reuters), Bank of America Chief Executive Brian Moynihan claimed Tuesday that they have not seen any effect on consumer spending as a result of Omicron virus spreading. He also stated that credit quality among borrowers remained good.
He stated in an interview to CNBC that the virus has not had any effect on December. CNBC interviewed him to discuss credit quality.
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