Bank of America clients are shelling out far more and which is supporting U.S. work, CEO claims

Key Factors

The bank’s prospects boosted expending by 8% in the first 3 months of this yr compared with the year-earlier period, Moynihan stated on Tuesday.
“They are spending on factors frankly which drive work, this means they are spending on encounters at amusement parks and theaters or places to eat or outside the house concert events,” Moynihan said.
Moynihan reiterated that his bank’s economists see a mild recession in the next 50 % of this year.

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