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BofA’s Moynihan Says Efforts in Europe Have ‘Calmed the Markets’

Jan. 27 (Bloomberg) --Brian T. Moynihan, chief executive officer of Bank of America Corp., said action to stem the European debt crisis has eased concern about contagion.

The efforts have “calmed the markets and allowed financing around the world to open,” Moynihan said today in a Bloomberg Television interview from Davos, Switzerland.

To contact the reporter on this story: Dan Kraut in New York at dkraut2@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net

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