Investing in Bank Stocks and the Value of Diversity

Bank of America Chairman & CEO Brian Moynihan says over-regulation of lenders is the main driver of customers being shut out of the US banking system and not political bias, “We bank everybody. The real question was about over-regulation frankly,” he said in an interview on "The David Rubenstein Show: Peer to Peer Conversations." This as President Trump publicly rebuked Moynihan at the World Economic Forum in Davos, Switzerland, accusing the bank of limiting business with certain clients. Moynihan also talked about his inflation expectations, working with the current administration and the company being a bank of opportunity. This interview was recorded February 25 at the Economic Club of Washington, DC.

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