Mmastodon BusinessBanking first seen 2 d ago, last 1 d ago, peak #4
Bank of America says it's ready to move past $1.21 billion penalty
Original: BofA says it's ready to 'move forward' after $1.21B penalty CEO Brian Moynihan called the anti-money-laundering matter "
Bank of America says it is ready to move forward after paying a $1.21 billion penalty tied to anti-money-laundering failures. CEO Brian Moynihan described the matter as "resolved," saying the fines have already been paid and the costs of future remediation are already factored into the bank's plans. The statement is aimed at reassuring investors that the regulatory episode will not weigh on earnings going forward.
Why now: Investors and banking watchers are reacting to one of the largest AML penalties and the CEO's effort to close the chapter.
Rank over time, top of the chart is #1. 10 snapshots from 2 d ago to 1 d ago.
Evidence
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