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Bank of America CEO Urges UK: Avoid Stricter Regulations

12/6/2025

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Summary

Story summary

Brian Moynihan, CEO of Bank of America, warned UK leaders against tightening financial regulations.
He said excessive red tape could deter talent and investment.
Moynihan praised London as a key financial hub.
He urged the UK to remain an attractive destination for global businesses.
Bank of America employs about 6,000 people in the UK, and Moynihan cautioned about market reactions to tax increases.

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Story summary

Brian Moynihan, CEO of Bank of America, warned UK leaders against tightening financial regulations.
He said excessive red tape could deter talent and investment.
Moynihan praised London as a key financial hub.
He urged the UK to remain an attractive destination for global businesses.
Bank of America employs about 6,000 people in the UK, and Moynihan cautioned about market reactions to tax increases.