On the afternoon of Aug. 23, Gary G. Lynch, the global chief of legal, compliance, and regulatory relations for Bank of America Corp., was attending a meeting in Washington when the floor heaved.
Brian T. Moynihan spent his first year as Bank of America Corp. ’s chief executive officer putting out fires smoldering from the financial crisis. In 2011, he’ll do it all over again.
Brian T. Moynihan, Bank of America Corp.’s chief executive officer, said the U.S. government, lenders and borrowers need to reset their expectation that everyone can own a home.
"When activity ebbs and flows, we do not try to replace that activity with non-customer-driven business."
- Brian T. Moynihan on Dec 09, 2014