In this interview, Nicolai Tangen speaks with Brian Moynihan, the CEO of Bank of America, about the current economic landscape and the future of banking. Moynihan discusses the impact of changing US policies on the global economy, highlighting key indicators such as consumer spending and employment rates. He also addresses the challenges faced by small businesses, including labor shortages and inflation, and explores how AI is transforming Bank of America through innovations like the Erica virtual assistant. Finally, Moynihan reflects on the toughest decisions he's made as CEO, emphasizing the importance of managing headcount and avoiding complacency to ensure the bank's continued success.
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