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Bank of America headcount down 25% since 2010, CEO Brian Moynihan says

Total expenses in 2024 will be $67B; tech budget about $12B

Whitney McDonaldbyWhitney McDonald
December 18, 2024
in Banking
Reading Time: 2 mins read
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Brian Moynihan hit his 15th anniversary as chief executive at Bank of America this week and shared how automating tasks and elimination of work has allowed the bank to gain efficiencies during his tenure.  When Moynihan became CEO in 2010, the bank had 285,000 employees, he said on CNBC’s “Squawk Box” on Dec. 17. As […]

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