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BofA CEO welcomes Trump's economic policies as 'good thing' for business

DAVOS, Switzerland (Reuters) -Bank of America Chief Executive Brian Moynihan on Tuesday welcomed economic policies announced by U.S. President Donald Trump since his inauguration as a "good thing" for business. "They want to see the U.S. economy grow and prosper," Moynihan said in an interview with Reuters on Tuesday, referring to the new administration. Corporate executives and policy makers gathering at the World Economic Forum's annual meeting in Davos, Switzerland, are parsing the economic impact of Trump's initial executive orders.

Goldman Sachs promotes several executives to reinforce Wall Street dominance

Goldman Sachs is tapping several executives to lead its prized Wall Street businesses, it said on Tuesday, as part of a management reshuffle less than a week after reporting its biggest quarterly profit in more than three years. The move comes at a time the investment bank is preparing for a flurry of dealmaking in 2025 on the back of a resilient economy and prospects of business-friendly policies under the Trump administration. "This group of leaders represents the very best of our culture of excellence, client service and teamwork," said Goldman CEO David Solomon, who last week was given an $80 million stock bonus to stay at the helm for another five years.