Bank of America CEO on how technology is transforming banking

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Bank of America CEO Brian Moynihan on President Trump's plans to rollback regulations, investing in the bank's growth, a potential reduction in the corporate tax rate, Brexit, the increasing use of technology in banking and the outlook for revenue growth.

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A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations i... Maria Bartiromo, Mornings With Maria, Apple News, Business Leaders, Nyse:Bac, On Air, Personality, Special, Fox Business,

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