Economy

Bank of America's Moynihan in the thick of financial reform

As Bank of America Corp. CEO, Brian Moynihan's networking with Washington officials on financial reform has earned him the reputation as President Barack Obama's favorite banker.

Newly released e-mails show he's had plenty of experience with the issue, serving as one of the bank's point persons on regulatory reform as far back as November 2008. When Federal Reserve Gov. Kevin Warsh came to Charlotte that month, Moynihan was one of the top executives set to meet with him.

In a Nov. 3 e-mail to Warsh, Bank of America's then-chief risk officer Amy Woods Brinkley wrote: "Brian and I are jointly on point for coordinating BAC's position/communications on regulatory reform, so I thought it would be good to see him."

At the time, Moynihan was Bank of America's head of corporate and investment banking and a leader of its planned purchase of investment bank Merrill Lynch & Co. Warsh, who spoke at a Charlotte Economics Club luncheon, also met with then-chief executive Ken Lewis and then-chief financial officer Joe Price.

Read the complete story at charlotteobserver.com

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