Bank of America fined $1.2 billion for failing to report suspicious transactions
BAC Bank Of America Corp
$53.96 -1.14%
View chart & analysis → - 1Federal regulators announced that Bank of America will be fined $1.2 billion.
- 2Of the $5 billion in suspicious financial transactions at Bank of America, over $1 billion related to priority illegal finance and national security risks was identified.
- 3Bank of America shares fell by nearly 7.5% on Wednesday.
So what's the key point?
Bank of America has been fined $1.2 billion for not reporting suspicious transactions. Following this news, the stock price fell by approximately 7.5%.
Source MarketWatch +4 · View original ↗
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