The Master Investor Podcast with Wilfred Frost

TEASER: Brian Moynihan - Bank Of America CEO Commits to UK

Dec 4, 2025

Brian Moynihan, Chairman and CEO of Bank of America, shares insights on the bank's commitment to the UK, announcing 1,000 new roles in Belfast. He praises London for its talent pool and lifestyle, making it a prime international hub. Moynihan addresses concerns over rising taxes, emphasizing the need for UK leaders to prioritize financial services for economic growth. He reflects on a recent meeting with King Charles, underscoring initiatives aimed at sustainability in finance. Stay tuned for a deeper dive into the US economy and AI.

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INSIGHT

London's Irreplaceable Talent Magnet

London remains Bank of America's international headquarters because of unmatched talent, schools and lifestyle that attract global employees.
Brian Moynihan argues these human factors make London a persistent advantage despite Brexit and competitors trying to build rival centres.

ADVICE

Design Taxes To Attract High-Paying Jobs

Keep regulation and taxation fair to attract high-paying international corporate jobs that generate broad economic throughput.
Do design tax and regulatory policy to be competitive for headquarters that bring high average wages and downstream spending.

ADVICE

Don't Overreach On International Banking Rules

Avoid over-regulating or over-taxing international corporate operations that don't directly impact local consumer banking.
Focus regulation on fairness while recognising many international activities are financed in markets, not by local deposits.

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A special teaser episode with Bank Of America Chairman and CEO Brian Moynihan, who says he is absolutely committed to the UK regardless of the recent budget.

Moynihan tells Wilf that the recent budget was “ok” and “fine” for Bank Of America, which has roughly 6000 people in the UK, with an extra 1000 coming to Belfast, compared to 1k in the Republic of Ireland and 2k in Continental Europe. But he told Wilf that businesses ask the question about why taxes are rising, and they have to pay attention to that, alluding that Prime Minister Starmer has been listening.

Moynihan was late for the interview because he had just been with King Charles who he spoke very warmly of.

The full conversation with Moynihan on the US economy, markets and AI, his career and company drops on Monday.

You can watch the full video on The Master Investor Podcast YouTube channel

And follow @WilfredFrost on X and Linked In

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