Bank of America CEO Moynihan says supports ‘a well-focused infrastructure plan’: CNN interview

FILE PHOTO: 2020 World Economic Forum in Davos
FILE PHOTO: Chairman and CEO of Bank of America Brian T. Moynihan attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Denis Balibouse/File Photo

April 16, 2021

WASHINGTON (Reuters) – Bank of America Corp Chief Executive Officer Brian Moynihan on Friday said in a CNN interview that the U.S. needs to keep investing in infrastructure, adding that a “well-focused infrastructure plan would be a good thing” for the country.

Asked if a corporate tax rate of 28 percent would hamper the U.S. economy, Moynihan said that would depend on the details of a new tax law.

(This story corrects “well-structured” to “well-focused” in Moynihan quote, headline)

(Reporting by Susan Heavey and Jan Wolfe; Editing by Chizu Nomiyama)