Moynihan’s No-New-Capital Stance Draws Scrutiny After BofA Loss

Brian T. Moynihan, who vowed that Bank of America Corp.’s strength would never be questioned again when he took the top job, found himself bombarded with queries yesterday about whether the bank needs to raise more capital.

The answer is no, Moynihan told analysts during a conference call after reporting an $8.83 billion loss at the bank where he’s chief executive officer. On a day when stock markets rallied and rival Wells Fargo & Co. posted its biggest gain since last year, Bank of America slumped 1.5 percent as falling revenue fed doubt among analysts.