Bank of America Corp. (Public, NYSE: BAC) has a new president at the head of Brian T. Moynihan. It dates from the end of the Credit Bank, where he was trying to the accused's right ship after the division lost $ 4.5 billion.
Moynihan, the Raleigh, North Carolina business elite address today with a speech that is expected to present their vision for the future of the LAC to. Moynihan is the annual report of the Forum Economic Forecast address for the region. The event is sponsored by the Bankers Association of North Carolina and the Chamber of Commerce of the State. Bank of America is one of the country's most influential entrepreneurs and the direction of the new president is expected the tone for what we can to set this year by the bank.
Moynihan, replaced as CEO Kenneth Lewis after Lewis resigned his tenor, after a particularly difficult when he saw him a lot of heat on forced marriage with Bank of America of Merrill Lynch.
Moynihan spoke to the Charlotte area today with an article he wrote for The Observer.
"Balancing the need for credit to responsible lending. I think the banks to understand their role in the economy and to try more, everything I can to be creditworthy borrowers, without relying on easy credit to stimulate growth. In the first nine months of 2009, the Bank of America over 578 billion U.S. dollars made available. In 2010 we will increase at the national level to loans to small and medium enterprises, to flow the 5 billion U.S. dollars, of which some companies here in North Carolina. A key aspect is to help people, as the credit crisis once again makes "Moynihan said to take place on the direction of the company.
Investors are not afraid. Moynihan, although the display is a sober look at the extension, it still makes a vision for the growth of the company. CD rates play a key role in the bank's growth.
"My goal as CEO of Bank of America to be - and be seen - the best global financial services company, is the first choice for everyone from individual consumers to the largest global companies," he said.