Finance · the U.S. · October 13, 2026
From Axios
The Treasury Department on Tuesday announced more than $1.2 billion in penalties against Bank of America for years of failures to report suspicious transactions and address shortcomings in its anti-money-laundering program. Why it matters: The action includes the third-largest penalty in Treasury history.
Reported by Axios, October 13, 2026. Read the full story at Axios →