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Bank of America CEO seeks meeting with New York Mayor-elect Mamdani amid corporate tax uncertainty
Bank of America’s CEO seeks dialogue with NYC’s mayor-elect as corporate tax and regulatory shifts loom for finance sector.
Brian Moynihan, CEO of Bank of America, said he plans to seek a meeting with New York’s mayor-elect Zohran Mamdani to discuss how the bank can contribute to the city’s growth agenda, during an interview with Fox News. Moynihan emphasized the importance of preserving a business-friendly climate in New York City amid concerns over proposed corporate tax hikes and regulatory changes under the incoming administration. Financial industry watchers say the move reflects broader concerns in the sector about municipal policy shifts and investor sentiment in key financial hubs.
The outcome may influence New York’s appeal as a headquarters location for major banks and investment firms.