Back to News
Market Impact: 0.4
Bank Of America Fined $1.21 Bln Over Money Laundering Compliance Failures
Source: Nasdaq
Sanctions & Export ControlsRegulation & LegislationLegal & LitigationBanking & Liquidity
The U.S. Department of the Treasury imposed a fine of over $1.21 billion on Bank of America Corporation for violations of anti-money-laundering and sanctions laws. The article provides no further details on the violations or any market reaction.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
moderately negative
Sentiment Score
-0.55
Ticker Sentiment
BAC-0.90
More News
- US Stocks Tumble as Chip Rout Deepens
- Bank of America Has 'Accountability' in Face of Fines, Says Moynihan
- ‘The biggest financial institutions are not above the law’: Bessent hits BofA with $1.2 billion fine for money laundering—the third-largest in history
- Bank of America Results Hit by Weaker Trading, $1.2 Billion Penalty
- Bank of America says it has completed a lot of work on consent order
- Bank of America is set to report third-quarter earnings – here’s what the Street expects