[Telegraph.co.uk] Bank of America's chief executive, Brian Moynihan, has said that European debt default poses a real threat to the US economy, adding that he is confident that policy makers are "working through solutions". He said that ensuring liquidity at banks
[Financial Times] - Warren Buffett, whose Berkshire Hathaway conglomerate invested $5bn in BofA, told Bloomberg Television on Friday that he backed Brian Moynihan, the company's chief executive, to pull the bank out of the morass of mortgage issues.
[Telegraph.co.uk] - Bank of America is "a fabulous business, but it's got a lot of problems from the past", he said, acknowledging that chief executive Brian Moynihan will need years to fix them. Bank of America is cutting jobs in the first phase of an expense
[Telegraph.co.uk] - Brian Moynihan, BoA chief executive, has said that the bank does not need to raise any more capital and has embarked on a plan to shrink its balance sheet, which currently stands at more than $2 trillion. Moody's said the downgrade does not reflect a
[Here Is The City] - 'The bet is, is (CEO) Brian (Moynihan) going to get rid of those problems ? It won't take six months or a year; it will take much longer than that even. But the underlying business is doing fine'. 'I don't want him to step down. Brian, stay at work'.