Bank of America CEO Brian Moynihan discusses consumer spending trends amid rising inflation, affordability issues and the impact of AI on the banking industry. He speaks with Bloomberg's Dani Burger at the Forbes Iconoclast Summit in New York. (Corrects location of interview.) (Source: Bloomberg)

Bank of America Corp. is continuing to hire even as artificial intelligence and other technology tools take over jobs and cut off many traditional career paths.

Bank of America Corp. expects strong deal-making activity in South Africa to continue this year despite ongoing global volatility, the head of its local operation said.