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EconomicGlobal

Bank of America fined $1.2 billion over money-laundering violations

Published: October 13, 2026 at 11:45 PM

News summary

The action by the Treasury Department was announced less than a day before Bank of America reports quarterly earnings.

Importance: Low · 24/100
Impact direction: Uncertain

Sources

cnbc.com ↗

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Bank of America fined $1.2 billion over money-laundering violations | STRESS EI