Bank of America Corp.'s chief executive acknowledged in perhaps the starkest terms yet that for the country's largest bank, innovation may now be less important than remediation.

As keynote speaker at a financial services investor conference it sponsored Tuesday, Chief Executive Officer Brian Moynihan portrayed Bank of America as a chastened company that had sworn off significant acquisitions — and anything else that would distract the lender from its customer-focused business lines.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access