Bank of America Takes a Cautious Approach to Risk

The video discusses Bank of America's strategic shift away from high-risk investments, influenced by board members and CEO Brian Moynihan. Despite a strong previous year, the bank faces challenges in the current economic and political climate, affecting investment banking performance. A significant number of senior bankers have left, raising concerns about the bank's strategy. The video also highlights the difficulties in reporting these issues and the frustrations of bankers who are unable to pursue ambitious plans.

What changes in strategy are being considered by the bank in response to the current situation?

What factors are contributing to the disappointment among bankers regarding their goals?