Lark Davis|Oct 13, 2026 22:02
Bank of America just got hit with a $1.2B fine by the US Treasury because they literally ignored $5 BILLION in suspicious transactions.
Treasury Sec Scott Bessent basically said BofA prioritized revenues over basic anti-money laundering and let national security risks slide for years.
Their cost of doing business? A 17-cent hit to quarterly EPS.
...and they tell you crypto is the bad guy
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