Economy Oct 14 U.S. hits Bank of America with $1.2 billion fine, saying it violated money laundering and sanctions laws By Paul Wiseman, Farnoush Amiri, Associated Press
Nation Mar 17 Bank of America settles lawsuit brought on behalf of Jeffrey Epstein victims Bank of America has tentatively settled a lawsuit claiming it ignored suspicious financial transactions involving Jeffrey Epstein while he was sexually abusing hundreds of girls and women. By Larry Neumeister, Associated Press
Economy Apr 16 Bank of America ordered to pay $540 million in long-running lawsuit from the FDIC A federal judge has ordered Bank of America to pay more than $540 million to resolve long-running litigation from a U.S. regulator that alleged the company underpaid mandatory assessments for deposit insurance. By Associated Press
Economy Dec 03 Watch 9:28 Bank of America CEO on interest rates, tariffs and Trump's second term The U.S. economy continues to perform well by many measures. Retail spending was up notably around Black Friday, markets are at or near record levels and unemployment remains low. And yet, most Americans have long felt the economy is not… By Geoff Bennett
Politics Dec 06 WATCH: Wall Street bank CEOs oppose proposed Biden regulations in Senate hearing The banks contend the new regulations proposed by the administration would curtail lending and weaken bank balance sheets at a time when the industry needs more flexibility. By Ken Sweet, Associated Press
Feb 24 Watch 4:36 Pressured by consumers, some companies are cutting ties with the NRA By PBS News Hour As voices for gun control grow louder, corporations are taking steps to limit their ties to the gun industry. Delta and United Airlines, along with Hertz and MetLife, have ended discounts for NRA members while financial firms like Bank of… Continue watching
Dec 21 Top payouts to federal false claims whistleblowers in fiscal year 2014 By Saskia de Melker In the last fiscal year, the federal government recovered a record $5.69 billion under the False Claims Act. And as recoveries have increased, so have the awards for those whistleblowers who play a crucial role in exposing cases of fraud. Continue reading
Aug 22 In Bank of America settlement, who's feeling the pain? By Simone Pathe The day after Bank of America's record $16.65 billion settlement with the Department of Justice, Making Sen$e looks back at how the bank increased their holdings of risky mortgages and looks forward at whom -- from consumers to shareholders --… Continue reading
Aug 21 Watch Will the $17B Bank of America penalty deter individuals from breaking the law? By PBS News Hour Bank of America will pay nearly $17 billion for its role in writing and securitizing risky home loans in the run up the housing crisis. For a closer look at the Justice Department deal, and the impact it and earlier… Continue watching
Aug 21 Bank of America to pay nearly $17 billion in settlement with Justice Department By Pete Yost, Marcy Gordon, Associated Press WASHINGTON — The Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis. Continue reading