Brian Moynihan took on one of the toughest jobs in the world in 2010: turning around the largest bank in America following a devastating financial crisis.
Since then, the Bank of America CEO, who’s known to be risk-averse, has rebuilt the company on a solid foundation that he says will help it withstand a possible recession in 2023.
“You have to watch the risk and keep the company balanced, yet you still have to grow,” he told The Dallas Morning News during a visit with the bank’s Dallas staff this week. “We try to outgrow the economy and the industry but on a balanced basis.”
