BofA Profited on Swiss Currency Swings, CEO Moynihan Tells CNBC

(Bloomberg) — Bank of America Corp. profited on swings in the price of Switzerland’s currency after the nation’s central bank allowed the franc to trade freely against the euro, Chief Executive Officer Brian T. Moynihan said.

“We made money the last few days and we’ve helped our customers, but it hasn’t had a big impact on us,” Moynihan told CNBC today in an interview, without disclosing the amount. “It caught everybody by surprise.”

To contact the reporters on this story: Steven Crabill in New York at [e-mail]; Elizabeth Dexheimer in New York at [e-mail] To contact the editors responsible for this story: Peter Eichenbaum at [e-mail] Steven Crabill