Bank of America's CEO says the US economy is 'vibrant' — and you should thank the banks

• Bank of America CEO Brian Moynihan said the US economy is resilient, thanks in part to its banks.
• He shrugged off calls for more regulation after NYCB wobbled.
• Banks have helped the economy remain 'vibrant' amid the financial crisis and pandemic, he said.

New York Community Bancorp (NYCB) may have sent a scare through Wall Street, but Bank of America CEO Brian Moynihan shrugged off suggestions that banks need to be more regulated.

In fact, the US economy is "vibrant" and bounced back from the pandemic thanks in part to its banking sector.

"We don't need to keep moving the rules around — we're clear about that," Moynihan said in an interview with Bloomberg Television on Tuesday.