Cybersecurity
‘Incensed’ Moynihan Fights BofA Critics in Letter Campaign
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Bank of America Corp. Chief Executive Officer Brian T. Moynihan said he’s “incensed” by public criticism of his company and is pushing back by reminding local leaders of its contributions to their economies.
Moynihan, 52, told employees in a global town hall meeting last week from the firm’s Charlotte, North Carolina, headquarters that the “place to win the battle” over the bank’s battered public image is at the state and municipal level. A person close to the bank, acting on the condition of anonymity, enabled Bloomberg News to listen to the meeting.