Bank of America CEO says company to slow hiring, predicts 'mild recession'

(The Hill) – Brian Moynihan, the head of Bank of America, said on Sunday that his company plans to slow down its hiring process and predicted that the U.S., would experience a mild recession later this year.During an appearance on CBS’s “Face The Nation,” Moynihan told moderator Margaret Brennan that one way to slow the hiring process is to rely on attrition, which means not backfilling positions of people who leave or retire voluntarily. He said that so far, BOA hir