Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
682,150-7865
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.88%0.00
Mortgage

[Video] Bank of America CEO: Don’t break up the big banks

Reacts to recent comments from President Donald Trump

Coming from the leader of one of the biggest banks, Bank of America CEO Brian Moynihan said the Trump Administration’s call for a “21st century” version of the 1933 Glass-Steagall law would harm the financial system, according to an article in Bloomberg by Laura Keller Felice Maranz.

The article explained that the Glass-Steagall law separated traditional deposit-taking and lending from Wall Street investment banking.

From Bloomberg:

“It would be against America’s interests to break up the large banks,” Moynihan, head of the nation’s second-largest lender, said Wednesday at the Bloomberg Breakaway Summit in New York.

He was reacting to President Donald Trump’s comment in an interview with Bloomberg on Monday that his administration is actively considering splitting giant banks.

Watch the full interview in the interview below.

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please