Up next remarks from bank of america Ceo Brian Moynihan on the state of the economy in the us financial system. Other topics include capitalism and crypto currency as well as banking trends among millennials and jens hes, this is hosted by the city club of cleveland. Good afternoon, we are devoted conversations of consequence that help democracy thrive. It is thursday, june 29th. Im the chief executive here, daniel moulthrop. Im here to introduce our speaker, brian moynihan, ceo of bank of america. The country and world grapple with the aftermath of the pandemic, inflation, supplychain disruptions, the Banking Industry has felt its share of volatility. In march, several small to midsize banks failed leading to a chain of events we refer to as the 2023 banking crisis. On top of this, the widespread calls for increased equity, access to economic opportunity, increasing reliance on emerging technologies, evidence the world of banking and finance is changing quite a bit. Brian moynihan bec
Good afternoon and welcome to the city club of cleveland where. Im the chief executive here ad its my privilege to introduce our speakertoand to ask him a few questions as well. Brian moynihan, the c. E. O. Of bank of america. As the country and world grapple with the aftermath of the pandemic, inflation, the Banking Industry has felt its share of, well call it volatility. In march, three small to midsized u. S. Banks failed, leading to a chain of events that we now refer to as the 2023 banking crisis. And on top of this, add to this the widespread calls for increased equity, access to Economic Opportunity and the increasing reliance on emerging technologies, its evident that the world of bank and financial is changing quite a bit. Brian moynihan becamed c. E. O. Became the c. E. O. In 2010 which feels like a century ago. It was a long time ago. Its the Second Largest Bank in the u. S. Youre all wondering whats the first, its jpmorgan chase. He lead as team of approximately 215,000 emp
This comes as a relief to a lot of people around this country. Sheriff joe had a career that spanned over two decades. He was tough on illegal immigration, facing six months in jail after conviction with no jury. I think a lot of people would be very relieved to see a pardon. He wasnt just beloved in arizona, but people around the country feel he was being treated unfairly by not being given a jury. We will see what happens there. Trump definitely pleased supporters at the announcement. Lauren the president s first pardon. Kristen tate, good to see you. Cheryl kind of the Rudy Giuliani out of arizona, really cleaned on the area. Lauren big retailers coming together to fight in the sun. Tracee carrasco joining with the headlines. Good morning, tracee. Good morning. Walmart is the largest world retailer in google the most popular Search Engine teaming up to take an amazon to take an amazon page shoppers to choose from hundreds of thousands of walmart products through the Google Express w
And im Shirleen Allicot in for joe torres. New jersey getting hit with heavy downpours. Heres a look at the river from Somerset County. Thats where they got several inches and the river overflowed. The weather in suburbs seeing heavy rain. This is monroe in Orange County. A car over there washed out. Will the rain continue tonight . Meteorologist jeff smith here with the first look at the accuweather forecast. Jeff. Sandra, theres rivers and streams in Somerset County running at or above bank full. Theres a Flood Warning in that area through 8 00 p. M. And new flood advisories, southern parts of Orange County here. Pretty close to monroe where you saw the video and northern orange and southern duchess and ones ter county and a Flash Flood Watch for North Western new jersey. Any storm that develops heavy thunderstorms. If youre unlucky enough to fall under this, youre going to get heavy rain. Watching storms and showers moving into northern orange. Thats why we have the flood advisory.
In new england. Elizabeth also tonight, a New Hampshire state trooper turning in his badge forever. After he handed out this brutal beating caught on camera by sky fox at the end of a wild police chase. Today, one of those troopers involved took a deal and avoided jailtime. Mark fox 25s bob ward joins us live from nashua and there is some controversy here. The reporter thats right. The issue here is were this former New Hampshire state trooper should have had received jailtime. Received jailtime. Now a man who was beaten says the plea agreement shows two completely different sets of rules. I apologize to members of Law Enforcement especially those that were there that day, but most importantly, i apologize to the citizens of New Hampshire. Former New Hampshire state trooper andrew monaco standing up in Nashua District Court pleading guilty, taking full responsibility for a case of police brutality, caught on video by sky fox. Massachusetts, New Hampshire hand Massachusetts Police final