News Formal

CEO says Bank of America aims to 'double' its US consumer market share: FT

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

Brian Moynihan, the chief executive officer of Bank of America Corp , has said the bank could double its consumer market share in the United ...

Brian Moynihan, the chief executive officer of Bank of America Corp , has said the bank could double its consumer market share in the United States despite fears about the power of the country's largest banking institutions.

"Our market share in consumer is probably 12, 13, 14 percent, depending on who counts . ... The reality is, you could double that," Moynihan said https://on.ft.com/2NEtMda in an interview with the Financial Times, pointing out that some auto, soft drink and beer companies had massively more consumer share than Bank of America.Moynihan did not provide a time frame in his interview for doubling the bank's consumer market share.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China will increase imports from US according to 'market principles': officialChina will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »