Bank of America CEO reveals where US consumer money is going and the 'problem' with it
BACBank of America(BAC) Fox Business·2024-08-13 01:16

With many economists and Americans recently confirming their feelings of recessionary pressures, the head of one of the country’s largest banks is giving his pulse on how people are spending their money and their impact on markets. "The people who had an account with us in January 2020 before the pandemic, you look at them now, they're still sitting with much more, even inflation adjusted, much more in their account," Bank of America Chairman and CEO Brian Moynihan said on CBS’ "Face the Nation.""The proble ...