Is Bank of America (BAC +1.8%) ready to focus on growth? CEO Moynihan tells CNBC the downsizing...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Is Bank of America (BAC +1.8%) ready to focus on growth? CEO Moynihan tells CNBC the downsizing of the investment bank is pretty much finished and head counts are rising in the mortgage and small business divisions. Further capital raises are unnecessary from here, he says.