Bank of America CEO Brian Moynihan has confirmed that the bank plans to enter the stablecoin market, should US regulations allow it. Speaking at a Washington, D.C. event on Tuesday, Moynihan said that the bank is preparing to launch a USD-backed stablecoin in efforts to align with self-proclaimed ‘crypto president’ Donald Trump’s agendas after he

The financial services industry is on the verge of entering the crypto economy, according to Bank of America’s CEO Brian Moynihan. “It's pretty clear there's going to be a stablecoin,” Moynihan said in an interview with David Rubenstein on Tuesday.

The Bank of America CEO, speaking Tuesday, said the real issue behind the president’s de-banking jab was “over-regulation.”

BofA ready to launch a stablecoin with regulatory clarity, aiming to offer seamless conversion with dollar deposits.

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Brian Moynihan argued Tuesday that the president's allegations of politically motivated debanking stem from the problem of overregulation.

Bank of America, one of the largest financial institutions in the US, is planning to launch its own stablecoin.

The United States Congress said that it would push to pass legislation on stablecoins in the first 100 days of the Trump administration.

Bank of America BAC.N expects the Federal Reserve to hold interest rates steady this year and into next year, CEO Brian Moynihan said on Tuesday. "It takes multiple years to squee

Last year, the bank promoted 387 employees to managing director roles in 2024, more than half of whom were women and people of color.

Bank of America Corp. Chief Executive Officer Brian Moynihan says some customers are driven out of the US banking system by over-regulation, and not political bias. "We bank everybody. The real question was about over-regulation frankly,

Bank of America CEO Brian Moynihan said he’s willing to add employees in Japan as the local economy picks up after decades of deflation. The return of price and wage growth, rising interest rates and corporate reforms are spurring activity in the country, Moynihan said in an interview in Tokyo on Friday.