Age, Biography and Wiki

Brian Moynihan (Brian Thomas Moynihan) was born on 9 October, 1959 in Marietta, Ohio, U.S., is an American businessman, banking executive and lawyer. Discover Brian Moynihan's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 64 years old?

Popular As Brian Thomas Moynihan
Occupation Chairman and CEO of BofA
Age 64 years old
Zodiac Sign Libra
Born 9 October, 1959
Birthday 9 October
Birthplace Marietta, Ohio, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 9 October. He is a member of famous Chairman with the age 64 years old group.

Brian Moynihan Height, Weight & Measurements

At 64 years old, Brian Moynihan height not available right now. We will update Brian Moynihan's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Brian Moynihan's Wife?

His wife is Susan Berry

Family
Parents Not Available
Wife Susan Berry
Sibling Not Available
Children 3

Brian Moynihan Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Brian Moynihan worth at the age of 64 years old? Brian Moynihan’s income source is mostly from being a successful Chairman. He is from United States. We have estimated Brian Moynihan's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Chairman

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Timeline

1959

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

Moynihan was born in Marietta, Ohio October 9, in 1959, the sixth of eight children in a Catholic family of Irish descent.

1981

Moynihan graduated from Brown University in 1981, where he majored in history, co-captained the rugby team, and met his future wife, classmate Susan E. Berry.

He earned a Juris Doctor from the University of Notre Dame Law School, before returning to Providence, Rhode Island to join Edwards & Angell LLP, the city's largest corporate law firm.

1993

He joined Fleet Boston bank in April 1993 as a deputy general counsel.

1999

From 1999 to April 2004, he served as executive vice president, managing Fleet's brokerage and wealth management division.

2004

After Bank of America (BofA) merged with FleetBoston Financial in 2004, he joined BofA as president of global wealth and investment management.

2008

He was named CEO of Merrill Lynch after its sale to BofA in September 2008, and became the CEO of Bank of America after Ken Lewis stepped down in 2010.

2009

Moynihan held numerous banking positions before becoming president of consumer and small business banking (SBB) at Bank of America in January 2009.

2010

He joined the board of directors, following his promotion to president and CEO in 2010.

He is a member of Council on Competitiveness and Partnership for Rhode Island, among other boards.

He is slated to become the Chancellor of Brown University on July 1, 2024.

She added while Jamie Dimon, JPMorgan Chase's CEO, received a $19 million raise in 2010, Moynihan's salary stayed level at $950,000.

According to the report, Moynihan's Bank of America paid no federal income tax in 2010 and received a $1.9 billion tax refund despite making $4.4 billion in profits.

The report also includes criticisms of Bank of America's use of tax havens.

2011

On August 25, 2011, CNBC's Drew Sandholm noted that "[d]espite having recently told investors Bank of America ... doesn't need to raise capital, CEO Brian Moynihan will accept $5 billion in capital from famed investor Warren Buffett. The deal not only surprised the Fast Money traders on Thursday, it also caused them to question Moynihan's credibility."

On September 12, 2011, CNBC's John Carney noted that Moynihan had "once again laid out his company's plan to meet regulatory capital requirements and denied that the bank will have to issue new stock to raise capital ... [Moynihan] says that Warren Buffett's $5 billion counts as Tier 1 Capital. But the markets have largely ignored the investment, most likely because it looks a lot more like debt than capital."

On October 26, 2011, Huffington Post blogger Jillian Berman noted that BoA "has also been hammered in the stock and bonds markets" and "was the worst performer in the Dow Jones Industrial Average for two-quarters straight ... while Moody's downgraded the bank last month."

On December 27, 2011, Julia LaRoche wrote in Business Insider that Moynihan "admitted the proposed $5 monthly fee for debit card users wasn't the best idea".

She quoted him as saying: "We struck a chord with customers that no one anticipated. We learned our lesson and stopped it."

It was later reported that the failed fee plan led to a 20% increase in account closures during the last three months of 2011.

Business Insider noted that "a group of law professors and activists from a non-profit called Public Citizen sent a 24 page petition to Fed Chairman Ben Bernanke and Treasury Secretary Geithner asking them to consider breaking up and reforming Bank of America.

2012

The bank's 2012 shareholder meeting in Charlotte, North Carolina convened "as protests swirled inside and outside", according to the San Francisco Chronicle.

There were complaints from shareholders regarding the bank's mortgage servicing operations, decreased share prices, and other issues.

Protesters converged outside the building, which they were barred from entering by police and metal barricades.

In response to the criticisms of the bank's mortgage servicing operations, Moynihan tried to reassure the audience, saying "you can call us and we will figure it out".

In 2012, Moynihan, alongside several other CEO's, faced heavy criticism from Bernie Sanders in a report titled "Top Corporate Tax Dodgers".

2020

In July 2020, Moynihan was named Chief Executive Magazine’s 2020 CEO Of The Year.

He currently lives in Wellesley, Massachusetts, and frequently commutes between Boston and Bank of America's headquarters in Charlotte, North Carolina using Bank of America's private jets.

This practice has come under scrutiny from some shareholders.

In November 2023, Bloomberg reported that Moynihan had set up a succession plan for his eventual replacement.

At that time, he remained CEO and chair of Bank of America's board.

Moynihan stated he planned on remaining CEO for years.