Just the other day, I covered Bank of America CEO Brian Moynihan addressing a $1. 2 billion troubling problem for failing to report $5 billion in suspicious transactions. You may be asking how a bank that size could let such a serious compliance issue slip through the cracks, especially when customers trust it to safeguard their money. The $1. 2 billion fine landed in a quarter when Bank of America (BAC) still brought in $30 billion in revenue, up 3% from a year ago but short of the $30. 58 billion analysts expected.
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