BofA’s Moynihan predicts another round of U.S. bank mergers

Donal Griffin, Sridhar Natarajan and Lananh Nguyen

01/22/2019

BANK OF AMERICA Corp. CEO Brian Moynihan predicted another round of consolidation in the U.S. that could lead to the emergence of a new competitor, speaking on a panel at the World Economic Forum in Davos, Switzerland. / BLOOMBERG NEWS FILE PHOTO/JASON ALDEN

NEW YORK - Bank of America Corp. CEO Brian Moynihan predicted another round of consolidation in the United States that could lead to the emergence of a new competitor. The Charlotte, N.C.-based lender, which controls about 13 percent of the United States retail-banking market, came together through the mergers and acquisitions of hundreds of companies, Moynihan…

Register to keep reading or subscribe today and receive unlimited access.
Already a Subscriber?

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.