Brian Moynihan, CEO of Bank of America, who replaced former BofA CEO Ken Lewis earlier this month, believes Bank of America (BAC) and other Wall Street banking giants do not need to be broken up to protect the global economy from another financial crisis.
Moynihan told CNBC Friday at the World Economic Forum in Davos, Switzerland, that “Bank of America is not too big. Big by definition is not the question, it’s a question of how you conduct your activities, how you manage activities and how you manage risk, ” he said.
