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Moynihan talks economy, 'free' research

Published 05/04/2017, 09:17 AM
© Reuters.  Moynihan talks economy, 'free' research
BAC
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  • Speaking on the sidelines of a Bloomberg event, Bank of America (NYSE:BAC) CEO Brian Moynihan says his lender isn't seeing a lending slowdown, though it's also not "growing that fast."
  • Credit metrics continue to improve - "We've been very careful" to "drive our business the way we want."
  • Addressing new regulations (out of the EU) regarding the way research is paid for, Moynihan calls sell-side operations a "very valuable part of what we do." Research, he says, "is for the benefit of the entire franchise ... not inexpensive."
  • See: Era of 'free' research ends
  • Now read: Market Challenge: Break Up The Banks?


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