The Federal Reserve now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy, according to Bank of America chief Brian Moynihan. "They've got a new administration with a new set of fiscal policies,

Bank of America's Brian Moynihan explains how President Trump is creating "even better conditions for investment" into U.S. companies and economic growth.

Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it.

The Bank of America CEO has hinted that traditional financial institutions are open to embracing crypto payments if U.S. financial regulators allow.

Bank of America CEO sees crypto adoption in banking likely if regulatory clarity emerges, focusing on non-anonymous, verified transactions.

Bank of America's CEO Brian Moynihan has said that the US banking industry is ready to adopt cryptocurrencies for payments, if given the green light by regulators. Speaking during an interview at the World Economic Forum in Davos, Switzerland, Moynihan shared his thoughts on the industry's possible shift toward crypto.

Bank of America Corp (NYSE: BAC) chief executive Brian Moynihan says the Wall Street banks are all geared up to embrace cryptocurrencies – all they need is a push from the US regulatory authorities. His comment follows the inauguration of Donald Trump who’s been rather vocal in favour of the crypto industry.

Bank of America CEO Brian Moynihan reportedly said on Tuesday that the banking industry will accept cryptocurrencies for payments if regulators permit their usage. “If the rules come in and make it a real thing that you can actually do business with,