BofA Profited on Swiss Currency Swings, CEO Moynihan Tells CNBC

Bank of America Corp. profited on swings in the price of Switzerland’s currency after the nation’s central bank allowed the franc to trade freely against the euro, Chief Executive Officer Brian T. Moynihan said.

“We made money the last few days and we’ve helped our customers, but it hasn’t had a big impact on us,” Moynihan told CNBC today in an interview, without disclosing the amount. “It caught everybody by surprise.”

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE