capital markets are down, but the pipelines are full By Reuters

© Reuters. FILE PHOTO: Brian T. Moynihan, Chairman and CEO of Bank of America, testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, U.S., April 10, 2019. REUTERS/Aaron P. Bernstein / File Photo

NEW YORK (Reuters) – Bank of America (NYSE:) Chief Executive Brian Moynihan said the bank’s capital markets business “is down” so far in 2022, even though the bank investment continues to see a strong pipeline of customer activity.

Speaking at a banking conference, Moynihan also said consumer spending on child care was back to pre-pandemic levels, indicating more people are returning to work.

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