Bank of America profits drop 17% after $1.2bn money laundering fine
Reported by Akila Quinio (Excerpt shared below. To see full report, go to: https://www.ft.com/content/a82b4275-6519-4142-b1df-e74c66ead877?syn-25a6b1a6=1) Profits at Bank of America fell 17 per cent year in the third quarter, after the second-largest US bank took a $1.2bn hit from a regulatory fine for money laundering and sanctions violations. BofA said net income dropped to $6.9bn, down from […]