Brief: Bofa's Borthwick Says Bank Has Completed A Lot Of The Work Required In Consent Order
BRIEF-Bofa's Borthwick Says Bank Has Completed A Lot Of The Work Required In Consent Order Oct 14 (Reuters) - Bank of America Corporation BAC.N:
BOFA CFO BORTHWICK SPEAKING ON MEDIA CALL
BANK OF AMERICA CHIEF FINANCIAL OFFICER ALASTAIR BORTHWICK: WE'VE WORKED WITH REGULATORS TO REACH THESE RESOLUTIONS OVER THE REGULATORY ACTION
BANK OF AMERICA CHIEF FINANCIAL OFFICER ALASTAIR BORTHWICK: WE'VE WORKED WITH REGULATORS TO REACH THESE RESOLUTIONS OVER REGULATORY ACTION
BOFA'S BORTHWICK: DEALS PIPELINES ARE STRONG
BOFA'S BORTHWICK: SAW LOWER REVENUE IN CERTAIN FICC BUSINESSES, INCLUDING MORTGAGES, MUNICIPALS, AND CREDIT
BOFA'S BORTHWICK: WE ENTER THE FINAL QUARTER OF 2026 WITH GOOD MOMENTUM
BOFA'S BORTHWICK: WE'VE COMPLETED A LOT OF THE WORK REQUIRED IN THAT CONSENT ORDER
BOFA'S BORTHWICK: THIS AI BUILD OUT IS PRETTY SIGNIFICANT IN TERMS OF IMPACT ON GDP AND REQUIRED CAPITAL
Further company coverage: BAC.N
((Reuters.Briefs@thomsonreuters.com;))
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