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Bank of America’s profits dropped 17% during the third quarter, according to a Wednesday (Oct. 14) quarterly earnings press release, following a $1.2
The U.S. Treasury announced a $1.2 billion fine against Bank of America for anti-money laundering and sanctions law violations, while a law firm opened a securities fraud investigation.
Bank of America has been hit with a $1.2 billion penalty making it the third-largest enforcement action in history