Bank of America Profits Fall 17% Following $1.2 Billion Money Laundering Fine
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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 billion regulatory fine over money laundering violations. The second-largest bank in the United States reported third-quarter earnings one day after the U.S. Treasury announced the fine for “egregious and continued” money laundering […] The post Bank of America Profits Fall 17% Following $1.2 Billion Money Laundering Fine appeared first on PYMNTS.c
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