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BofA’s Moynihan Says Bank Is Sticking to Its Original Hiring Plans

  • Strategy follows Goldman’s plan to slow the pace of hiring
  • Consumers remain healthy in face of inflation, Moynihan says
Brian Moynihan

Brian Moynihan

Photographer: Simon Dawson/Bloomberg
Updated on

Bank of America Corp. is keeping to its original hiring plans despite challenging economic conditions that have prompted others to pull back, Chief Executive Officer Brian Moynihan said.

“We don’t have any plans to make any major adjustments because frankly we have those plans to adjust our headcount at all times,” Moynihan said in an interview with Bloomberg Television Thursday. “It’s a constant planning process in our company -- how we use that human capital even more effectively and efficiently.”