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The Latest Breaking News from Brian Moynihan

Top Wall Street Banks Shed Thousands Of Jobs Despite Strong Profits: Report

Top Wall Street banks have shed thousands of jobs in the first quarter of the year despite notching record profits, according to a new report.

International Business Times

Bank Of America Signals Resilient US Economy As Profits Rise On Trading Strength

Bank of America's latest results add to Wall Street signals that US economic activity is holding up despite persistent rate uncertainty.

International Business Times

BlackRock CEO Larry Fink warns AI is creating a ‘crisis’ for Gen Z workers: the class of 2026 could face the highest unemployment in years—even without a recession

New college graduates hoping for a white-collar career shouldn’t hold their breath, BlackRock boss Larry Fink warns: “AI is going to disrupt many of those types of jobs.”

Fortune

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A U.K.-based sustainability initiative is drawing U.S. CEOs like BoA's Brian Moynihan: 'We've got to make this happen the right way'

Also: All the news and watercooler chat from Fortune.

Fortune

President Trump look away now — a 16th century royal palace in the U.K. is leading the energy sustainability drive, and Americans are invited

Three of Wall Street’s biggest leaders – Brian Moynihan from Bank of America, State Street's Ron O’Hanley, and Janet Truncale from EY are in the U.K. to promote private sector efforts.

Fortune

Peter Thiel warned AI is coming for 'math people before word people.' Banks have already said smaller headcounts are possible

Last month, Block announced a 40% cut to its headcount, or about 4,000 jobs, and cited AI models as a top reason.

Fortune

Brian Moynihan isn't so worried about an AI jobs bloodbath, pointing to a 1960s theory that computers would end all management roles

"People wrote ... in 1969 that there would be no managers left in business because the computer itself would eliminate the need for managers, because they just moved information. Well, guess what? We have 20,000 managers today at Bank of America," Moynihan said.

Fortune

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JPMorgan, BofA will match the $1,000 'Trump Accounts' for employees' children. Here's how to open an account

"By matching this contribution, we’re making it easier for them to start saving early, invest wisely, and plan for their family’s financial future," Jamie Dimon said.

Fortune

The job market is broken, but Nvidia CEO Jensen Huang is 'fairly confident' that AI will increase productivity and therefore, hiring—but there's a catch

As Gen Z struggles to start their careers, Nvidia’s CEO Jensen Huang predicts “more hiring” is on the way—but only for workers who embrace AI.

Fortune

Stock futures slide while gold and silver jump after Powell investigation raises fears over the Fed's independence

Powell said the investigation rests on “pretexts,” arguing it's retaliation for the Fed’s refusal to follow the Trump's preferences on interest rates.

Fortune

Bank of America CEO says he hired 2,000 recent Gen Z grads from 200,000 applications, and many are scared about the future

Brian Moynihan says the fears are understandable, but urges young grads not to lose hope about the job market.

Fortune

‘We’ve gotten out of whack’ by fixating so much on Fed rates, but the loss of its independence will be punished, BofA CEO Brian Moynihan says

“There’s too much fascination with the Fed,” Moynihan said.

Fortune

As millions of Gen Zers face unemployment, McDonald's CEO dishes out some tough love career advice for navigating the market: ‘You've got to make things happen for yourself’

As millions of Gen Z fall into NEET status, McDonald's CEO Chris Kempczinski has some blunt advice for young people: stop waiting around for help.

Fortune

Bank of America's CEO sees a 'huge opportunity' in the U.S. wealth business

Brian Moynihan discussed bold growth targets and a strategy with reporters at the bank's investor day.

Fortune

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Fortune

Bank of America CEO: AI deployed across entire workforce to drive growth and productivity

The bank has made $118 billion in technology investments over the past decade.

Benzinga

BofA CEO Warns Shutdown Could Slow Economy; Economist Sees Rising Recession Risk (CORRECTED)

Editor's Note: This article has been updated to correctly reflect comments made by Bank of America CEO Brian Moynihan

Fortune

Brian Moynihan warns government shutdown risks slowing the economy—and urges policymakers to address fiscal concerns with a 'clear head'

“Ultimately it’s going to slow down the economy,” he says.

Fortune

A recession could test whether AI is truly fueling an economy with 'jobless growth'

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Fortune

Bank of America CEO admits that AI is shrinking some departments even as bank boosts minimum wage to $25

“The key to that is really redeploying people and re-skilling them,” Brian Moynihan said on Bloomberg TV, adding that he hopes to redeploy, not replace.

GOBankingRates

Trump Says He’s Cracking Down On America’s Biggest Banks: Could It Impact You?

President Donald Trump is taking the nation's largest banks and what ensues just may affect average Americans. Trump claims that many banks have an unfair bias against political conservatives and...

Fortune

Is MAGA going Marxist and Maoist? Trump's assault on free-market capitalism

Many business leaders are horrified at the prospect of New York City turning socialist under Zohran Mamdani, but Trump's assaults on free-market capitalism make him look like John D. Rockefeller.

Roll Call

Trump signals higher tariffs, defends firing of BLS chief in combative CNBC interview - Roll Call

A defiant President Trump defended his firing of a top government jobs monitor and said he would like to run again in 2028.

Barchart

Is Bank of America Stock a Buy, Sell, or Hold After Q2 Earnings?

Is BofA’s Q2 revenue miss just a brief pause? Or a warning sign to rethink your position?

Benzinga

Bank of America Q2 Loans And Deposits Grow, Efficiency Ratio Increases To 64.58%

Bank of America Corp (NYSE:BAC) reported second-quarter fiscal 2025 net income of $7.1 billion (versus $6.9 billion a year ago) and EPS of $0.89, beating the analyst consensus estimate of $0.87.

Fortune

What Bank of America’s CEO values most when hiring his inner circle

Bank of America CEO Brian Moynihan shares his playbook for lasting leadership.

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