Bank of America Fine: $1.2bn Treasury Penalty Hits Shares
Bank of America fine from the US Treasury hits $1.2bn for AML failures; shares dip as a parallel 'profit miss' claim remains unverified.
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Fed weighs raising bank oversight thresholds, Reuters reports
The Fed is drafting plans to raise bank oversight thresholds, Reuters reports, but megabanks like Bank of America show little sign of cheering.