A high-temperature gauge of
bank funding costs is at levels not seen since the 2008
financial crisis. But rather than signaling stress among major
lenders, it is showing the biggest demand for cash the world has
ever seen, industry sources said.
Bank of America Corp is better
positioned to focus on operations rather than financial risk
during the coronavirus outbreak, thanks to regulatory safeguards
put in place after the financial crisis in 2008, Chief Executive
Brian Moynihan said on Friday.