Bank of America CEO: U.S. Consumer Spending Remains Strong, Industry Ready for Regulatory Easing
Bank of America CEO Brian Moynihan says U.S. consumers are still continuing to spend, and the banking industry is gearing up for regulatory reform -- which will allow banks to enter industries they would otherwise have to avoid. ‘These rules are difficult for institutions to comply with because of the reputational risk involved, and that's usually recognised in hindsight ...... If these rules were changed, there wouldn't be this downside.’
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A certain whale has bought another $7.1 million worth of AAVE in the past 5 days
In the past 7 days, only 11 public chains had fee revenues exceeding $100,000.
Chainlink reserves increased by approximately 89,000 LINK tokens, bringing total holdings to around 974,000 LINK.
The Bhutan government address has reportedly sold another 160.35 ETH through OTC trading.