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Wednesday, April 7, 2010 as of 11:14 AM ET

Brian T. Moynihan

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Brian Moynihan

Brian Thomas Moynihan (born October 9, 1959) is an American lawyer, businessman and the President and CEO of Bank of America.

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BofA CEO: Bank Is 'Very Comfortable' With Its Investments -Reuters

Bank of America Corp.

(BAC) is "very comfortable" with its corporate investments, which are mostly in U.S. Treasury bonds and government-backed mortgage bonds, Chief Executive Brian Moynihan said Monday at an investor conference, Reuters reported.Moynihan was responding to a question about the investments in light of J.P. Morgan Chase & Co.'s (JPM) disclosure earlier this month that it lost at least $2 billion in a series of trades, according to Reuters.Additionally, the CEO said the bank's approximately $3 billion quarterly loss on mortgage payments is peaking, although the costs won't see a significant drop until 2013 and 2014, Reuters reported.Full story at http://www.reuters.com/article/2012/05/21/us-bankofamerica-idUSBRE84K15D20120521?type=companyNewsCopyright © 2012 Dow Jones Newswires...

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