Moynihan questioned about calls to break up Bank of America

April 15, 2015 7:26 PM

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Moynihan questioned about calls to break up Bank of America

Bank of America CEO Brian Moynihan argued Wednesday that the Charlotte bank shouldn’t be broken up, as shareholders prepare to vote on the topic this spring.

Moynihan discussed the issue Wednesday during the bank’s first-quarter earnings conference. Analysts asked him why the bank recommends shareholders vote against a proposal that urges the company to look at ways to split itself up.

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