The U.S. economy, driven by its consumers, is in ‘pretty good shape,’ despite swirling fears of a recession brought on by higher interest rates, Bank of America CEO Brian Moynihan told Reuters at Davos
"The consumers are spending, their wages are growing and frankly, there's still a lot of stimulus," Moynihan told Reuters in an interview in the ski resort of Davos, Switzerland.
Moynihan and other business executives met with a group of U.S. Congressional leaders in Davos, he said, without specifying the participants.People ride escalator at Saks Fifth Avenue in New York City, U.S., December 4, 2022. REUTERS/Jeenah Moon“It was bipartisan, and it’s good to see them here,” he said.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK house prices to fall by up to 10% this year, Lloyds Bank CEO saysU.K. house prices will fall by up to 10% this year, as higher mortgage rates and the broader cost of living crisis curtail home buying, Lloyds Bank CEO Charlie Nunn told CNBC on Tuesday.
Read more »
Bank of America upgrades Vodafone, sees stock rising by nearly 50%Shares in Vodafone hit a 25-year low this month, but the company offers a dividend yield of 8.4% and BofA analysts say it's a 'buy.'
Read more »
Bank of America Says CBDCs Are the Future of Money and Payments.BankofAmerica says CBDCs have the potential to revolutionize global financial systems and may be the most significant technological advancement in the history of money. By willcanny99.
Read more »
Bank of America's 2023 small cap picks include one tech stock it expects to doubleThese names are recession resilient, and expected to rise 24% on average to their 12-month price targets.
Read more »
Fund managers most underweight on US stocks since 2005: Bank of America surveyInvestors' allocation to U.S. stocks tumbled in January to the lowest level since 2005, according to a new Bank of America survey published on Tuesday.
Read more »
Vista Bank to acquire Charis Bank - Dallas Business JournalFollowing the acquisition, Vista Bank will have more than $1.7 billion in assets and about 200 employees.
Read more »