Bank of America Chairman and CEO Brian Moynihan says the bank has a clear path to resolving issues tied to a $1.2 billion Treasury penalty and is already carrying out remediation work. Speaking to Jonathan Ferro on Bloomberg Businessweek Daily, Moynihan says the bank plans to spend $300 million to $500 million on AI initiatives this year while working with technology companies on safeguards for agentic payments.

Bank of America Chairman and CEO Brian Moynihan says the bank has a clear path to resolving issues tied to a $1.2 billion Treasury penalty and is already carrying out remediation work. Speaking to Jonathan Ferro on Bloomberg Businessweek Daily, Moynihan says the bank plans to spend $300 million to $500 million on AI initiatives this year while working with technology companies on safeguards for agentic payments.

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Bank of America CEO Brian Moynihan Talks Earnings, Accountability

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c178d447-890c-4990-a16c-b4e3012f2d8f/transcript