(MT Newswires) -- Brian Moynihan, CEO of Bank of America, explains the macroeconomic conditions he expects in 2024 and the implications of increased capital requirements. He predicts moderate economic growth for the US in 2024, with GDP growth around 1.8% and unemployment close to 4%. Moynihan also stresses that the bank is well positioned to cope with the increase in capital requirements.
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- Brian Moynihan, CEO of Bank of America: Towards GDP growth around 1.8% and unemployment close to 4%