Bank CEOs Press Mamdani to Get More New York Housing Built (1)

The heads of Bank of America Corp. and Goldman Sachs Group Inc. said this week they’ve pressed New York Mayor Zohran Mamdani to get more apartments built in the city, a move they said would help with affordability.

“The advice I give to all the mayors I talk to, including the mayor of New York, is build more housing because it’s a supply problem,” BofA Chief Executive Officer Brian Moynihan said in an interview Wednesday with Fox News Channel. “And you have the right to drive supply. You don’t need to add money to it, you can just permit things ...