Bank of America CEO Brian Moynihan said Sunday the coronavirus has united the world in its battle against it.
said Sunday the coronavirus has united the world in its battle against the fast spreading pandemic.
"We're in a war to contain this virus," Moynihan said on CBS. "The interesting thing is everybody has the same common enemy across the whole world. So, it's a question of how we do that as employers?" Moynihan noted that Bank of America, along with other banks, is helping out consumers impacted by the virus outbreak with payment deferrals on credit cards and mortgages.His comments came as the coronavirus has
and has killed more than 5,800 people. In the U.S. alone, more than 2,900 people have been infected while at least 57 have died from it.closed all its U.S. stores while some airlines are suspending long-haul flights.closing in a bear market last week, thus ending the longest bull expansion on record.
"This is a quick change from what was a solidly growing economy," Moynihan said. He added, however, banks are coming into this outbreak "with capital liquidity that is so different than the last crisis."for exclusive insights and analysis, and live business day programming from around the world.
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