Bosses aren’t just unapologetic about staff cuts. Many are touting shrinking head counts as accomplishments in the AI era.

In today’s CEO Daily: Diane Brady talks to Bank of America CEO Brian Moynihan. The big story: Trump visits NATO after declining to commit to the alliance. The markets: More sunny weather.

Bank of America recently reported better-than-expected first-quarter earnings, beating analyst estimates. Its profit jumped 11% to $7.4 billion, or 90 cents per share, from $6.7 billion, or 76 ...

Bank of America BAC.N shareholders voted on Tuesday to approve pay packages for CEO Brian Moynihan and the lender's top executives, and also elected its 14 directors on the board.

Earnings Results Bank of America profit jumps 10%, but CEO Moynihan warns of ‘a changing economy’ Fueled by growing deposits and a boost in sales and trading revenue, Bank of America’s first ...