BofA CEO defends bank: 'We're doing right thing'
Bank of America CEO Brian Moynihan, defending his leadership of the nation's biggest bank, said he would not resign and would not sell the Merrill Lynch brokerage business to raise capital. "I think we’re doing the right thing," he told CNBC Tuesday, a day before a conference call with a major investor. "I think the management team is doing the right thing. We continue to drive the business. The franchise continues to perform. We built the capital base and we’ll continue to do that."