- Treasury announced about $1.21 billion in penalties against Bank of America over anti-money laundering failures and U.S. sanctions violations, as reported by Fox Business and quoted by Rosen Law Firm.
- Bank of America stock fell 4.7% on October 14, 2026, after the penalty reports.
- Bloomberg's October 14 closing coverage headlined the Bank of America fine.
- Rosen Law Firm announced on October 15, 2026 that it is investigating potential securities claims on behalf of Bank of America shareholders.
Quotes
“Treasury Department announced approximately $1.21 billion in penalties against Bank of America over longstanding anti-money laundering failures and U.S. sanctions violations.”
“found the bank failed to adequately investigate trillions of dollars in potentially suspicious transactions despite knowing about significant compliance deficiencies.”