Bank of America CEO Addresses $1.2B Treasury Fine -- Market Talk
Dow Jones2026/10/14 13:400940 ET - Bank of America CEO Brian Moynihan addresses the $1.2 billion Treasury Dept. fine to open the bank's third-quarter earnings call: "We understand the seriousness of compliance," he says. Moving forward, Moynihan says BofA has invested billions of dollars in technology and dedicated thousands of employees to combating financial crime. "The team is far along with and committed to completing the work required to be addressed by the regulators," he says. Shares fall 7.4% as the bank's 3Q profit disappoints. (connor.hart@wsj.com)
(END) Dow Jones Newswires
October 14, 2026 09:40 ET (13:40 GMT)
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