Elizabeth Warren Calls Bank of America’s $1.2 Billion Fine a ‘Slap-on-the-Wrist,’ Points to $30 Billion Profit
Warren calls Bank of America's $1.2 Billion AML penalty a slap on the wrist, urging tougher sanctions and a criminal probe as earnings fall.
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Why It Matters
Bank of America got fined $1.2 billion for breaking money-laundering rules. Some people think the fine is too small compared to the bank's huge profits, so watch if stricter rules come next.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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