Brian Moynihan, the CEO/Scarecrow of Bank of America showed up on CNBC's Mad Money with Jim Cramer to discuss BofA's record qtr. What I got was a 10 1/2 min interview that I was able to do an hour podcast on. This is part 1 of 2 media interview podcasts I will do on Moynihan.


Among Interview Topics:

How Bank of America is a leading "Technology" company (What?!?) and how only 1/2 of their clients have adopted online banking. They are a regular Apple or Google.
How he is proud that Bank of America's Technology is something to be proud of because they build building to keep the technology from... Being wet?
How making money by "Retooling Branches" is code for "Getting rid of tellers and pushing people to mobile" and how he doesn't even know how many branches they've opened last year.
How Brian Moynihan says that millennials are the bread and butter of the company, although he includes 41 year olds as millennials.
How his spiel on millennials only would mean they are still the 5th or 6th biggest bank is foreshadowing what they think of older folks.
How he mentions wages grew by 6% year over year for lower-end employees (Though I never made more than 3.8%)
Average salary at BofA IS $150K?!?!?!
How BofA's "Life Event Services" is a total joke. Where it literally almost got me killed in an ice storm, and also his companies supposed focus on mental health and stress is a very comical thing when they are the instigators of mental health issues and stress.
How he mentioned that Domestic Violence is a focus at BofA, yet 1500 people who have been supposedly helped by BofA probably had their domestic situation worsened by Bank of America's striving for sales and pushing workers to the brink.



CRAZY FREAKING INTERVIEW. Catch the video at:  https://www.cnbc.com/video/2019/07/18/bank-of-america-ceo-on-digital-banking-the-numbers-are-just-rolling.html 








 


MY PATREON Page! 


For as little as $1, you can help James Baca in his fight against big banks.


http://www.patreon.com/whyyourbanksucks


Donate to Why Your Bank Sucks on Cash App $TheBankerDude  


Sponsors - [email protected]  - Advertise your business with a growing, cutting edge podcast.


575-322-4127 is our voicemail line to share your bad banking experience. 3 min limit.


 Our website www.whyyourbanksucks.com for more info on our podcast, store, sponsorship info and much more!


Visit our Twitter Page @bankscrewedus - Running commentary with BofA clients and VIGILANTE CUSTOMER SERVICE


& Host James B on Twitter @jamesbisright


  Books Coming Soon: "The Banker Dude Presents: Beer Money"


"Bank of America Nearly Made Me Homeless (And I Worked There)" Status plus my Complaints book, "The Bank Screwed US"

---

Support this podcast: https://podcasters.spotify.com/pod/show/thenotoriousbanker/support

Twitter Mentions