Businesses 'friskier' after Trump's win: BofA CEO

New York

BANK of America Corp does not expect Donald Trump's election to jolt the US economy next year, but its corporate customers are enthusiastic and already seeking funds to expand, according to chief executive officer Brian Moynihan.

Mid-sized companies "are friskier, they're more active", Mr Moynihan, 57, said in an interview with Bloomberg Television's David Westin for broadcast on Thursday. Recently, some have been drawing down credit lines to invest in operations, he said. "They feel better about the prospects of the regulatory environment and their businesses. They feel better about the possibility of final demand."