Bank of America CEO: 'It's The Best Job There Is'

Brian Moynihan Smile

Brian Moynihan, who endured record losses and public thrashings while cleaning up Bank of America’s mortgage mess, said he wouldn’t mind being chief executive officer of the lender forever.

'It’s the best job there is', Moynihan said Tuesday in an interview scheduled for public television’s Charlie Rose program. 'While there have been times when you sit there and say, ‘Jeez, this is a lot of pounding,’ you always keep your eye on the purpose you’re here. And that’s to help people with their financial lives - if you really keep focused on that, I could do this the rest of my life'.

Bloomberg reports that Moynihan, 53, has booked more than $40bn in expenses tied to the 2008 takeover of mortgage lender Countrywide Financial Corp. since he become CEO in 2010.

His plan to shrink Bank of America through more than $60bn in asset sales is mostly done, he said in the hour-long interview. Now he’s set to add staff in commercial lending, investment banking and mortgages, Moynihan said.

Hit the link below to access the complete Bloomberg article:

Moynihan Says He’d Like to Be BofA Chief Rest of His Life

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