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Treasury hits Bank of America with $1.21 billion in penalties
Original: Treasury imposes $1.21B in penalties on Bank of America https://www. upi.com/Top_News/US/2026/10/13 /Bank-of-American-Tr
The U.S. Treasury Department has imposed three separate penalties totaling more than $1.21 billion against Bank of America for sanctions violations and other breaches. The fines are among the largest imposed on a major U.S. bank in recent years, and observers are weighing what the enforcement action signals for compliance standards across the banking sector.
Why now: A record-scale federal penalty against one of America's largest banks is major financial and political news.
Bank of AmericaU.S. Treasury Department
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- Treasury imposes $1.21B in penalties on Bank of America https://www. upi.com/Top_News/US/2026/10/13 /Bank-of-American-Treasury-fines/3341791941940/ The U.S. Treasury imposed three separate penalties totaling more than $1.21 billion against Bank of America for sanctions and… · MillMessenger@journa.host · 3
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