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Bank of America boss Brian Moynihan warns countries to 'be careful' when raising tax
- Bank of America CEO Brian Moynihan warned countries to be careful when raising taxes, stressing the need for a clear purpose behind tax hikes.
- Moynihan called the UK budget acceptable for Bank of America but cautioned about markets' reaction to fiscal moves.
- London was praised as a top hub for financial services and described as Bank of America's 'headquarters of the world.'
- Moynihan noted the UK’s strong industry ecosystem and the country’s upside relative to other periods.
- The BoA CEO highlighted the king's briefing and knowledge as impressive to many people over six years.
- Moynihan, a longtime BoA chief executive since 2010, remains bullish on the UK market and London’s role.
- Bank of America is one of the world’s largest banks by market capitalization, far bigger than several peers.
- Moynihan has led Bank of America since 2010, joining after the financial crisis.
- The interview occurred during Moynihan’s UK visit, where he met with the King.
- The Sky News interview framed Moynihan as a pivotal voice on taxation, budgets, and market reactions.
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