Bank of America boss Brian Moynihan warns countries to 'be careful' when raising tax

Bank of America boss Brian Moynihan warns countries to 'be careful' when raising tax

The chief executive said the King's briefing and knowledge impressed not only him but also "impresses everybody".

Bank of America boss Brian Moynihan warns countries to 'be careful' wh

The chairman and chief executive of one of the world’s biggest banks has said countries have “got to be careful” with their budgets and ask themselves what a tax rise is for. Bank of America’s Brian Moynihan was speaking about the UK budget to Sky’s Wilfred Frost on his The Master Investor Podcast. While Mr Moynihan said the recent UK fiscal announcement was “fine with Bank of America”, he added that governments must be careful with financial ma…