Moynihan Says Rapid Interest-Rate Rise May Shock System
Brian Moynihan, chief executive officer of Bank of America Corp. (BAC), talks about the outlook for the U.S. economy, housing market and mortgage lending.
Speaking with Erik Schatzker on Bloomberg Television's "Market Makers" on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland, he also talks about the bank's growth strategy, U.S. fiscal policy and Europe's debt crisis. (Source: Bloomberg)
00:39 Europe's debt complacency "worry" 02:04 Credit markets, rising interest rates 02:55 U.S. economy downside risk "still there" 04:52 Housing market, recovery, lending 09:12 BofA earnings strategy, legacy issues
Running Time: 10:40