Bank of American Chairman and CEO exclusively tells FOX Business that China's 'big, growing' banks and economy is one of the U.S. economy's biggest threats.
Bank of America Chairman and CEO Brian Moynihan discusses the Fed’s latest rate decision, earnings, A.I. growth, banking regulations and the future of the sector." Thursday, Bank of America Chairman and CEO Brian Moynihan revealed what he considers to be one of the biggest threats to the U.S. economy.
"One of the great risks for the American economy is: will the Chinese-American relationship be constructive or will it go in a different direction?" Moynihan told host Maria Bartiromo. "And that's something we look at all the time." "Chinese banks are big. It's a big economy, it's a growing economy," the CEO continued. "They're owned by the government. They're already big. They're already competing against us around the world."
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