Albany NY still good
3 replies (most recent on top)
How easy for him to say....
Bank of America CEO Brian Moynihan recently said his company would have some difficulty trying to match performance targets if the Fed did not hike interest rates as planned, but added that the bank would still be capable of matching its objectives. Moynihan, speaking last week in a CNBC interview, acknowledged the value of a 100- basis-point interest rate hike, and responded in the affirmative to a question on whether more cost cuts at his bank could come if the Fed doesn't increase interest rates.
"Absolutely," Moynihan said. "We've done it every quarter for 20-odd quarters in a row."
http://www.cnbc.com/2016/05/18/bank-of-america-wants-the-fed-to-hike-rates.html