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Fortune

Eleanor Pringle

BofA CEO Brian Moynihan says he won't roll the dice on Trump's looser financial regulations

Brian Moynihan BofA Bank of America Donald Trump America

Brian Moynihan, chief executive officer of Bank of America (Credit: Hollie Adams/Bloomberg - Getty Images)

Bank of America CEO Brian Moynihan said that while Wall Street may welcome less regulation, the financial sector always ends up paying through the teeth for its oversights.

Jamie Dimon says bankers are "dancing in the street" at the idea of another Donald Trump administration, anticipating a rollback of Biden-era regulations. But not everyone on Wall Street is eager to adjust course. Bank of America CEO Brian Moynihan plans to stick with his current strategy.

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