Business & Economy

Bank of America shares drop after third-quarter revenue miss and regulatory penalty

Source: Business News · Published

Bank of America shares drop after third-quarter revenue miss and regulatory penalty
Source: Business News

Bank of America shares fell Wednesday after the company posted weaker-than-expected trading revenue and the impact of a $1.2 billion Treasury fine.

Bank of America shares fell Wednesday after the company posted weaker-than-expected trading revenue and the impact of a $1.2 billion Treasury fine.

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Bank of America fined $1.2bn for money-laundering failures
Business & Economy

Bank of America fined $1.2bn for money-laundering failures

Third-largest fine in US treasury’s history, due to failure to report suspicious activity, may affect third-quarter earnings Bank of America (BAC.N), has been fined $1.21bn by US regulators for widespread failures to detect ‌potential money laundering and other illicit activity,

Business | The Guardian ·