Bank of America profits fall after $1.2 billion Treasury penalty
The penalty over money laundering safeguards and sanctions violations has hit quarterly earnings, while weaker trading revenue added to pressure on Bank of America shares.
Read the full story → · Latest coverage 14 Oct 2026, 4:20 pm UTC
Chapters · 2
Key moments · 8
Report identifies billions in unflagged suspicious cross-border transactions
Financial Times ↗Regulators find longstanding weaknesses left unaddressed by bank
Times now ↗Treasury announces penalties exceeding $1.2 billion against bank
cnn.com ↗Financial Crimes Enforcement Network identified in penalty action
The Hill ↗Treasury fines Bank of America more than $1.2 billion
Business Insider ↗Sanctions settlement linked to Iran and Russia allegations
Euronews ↗Quarterly profits fall 17 percent after regulatory fine
Financial Times ↗Shares drop 5 percent after earnings and penalty
CNBC International ↗
