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BANK OF AMERICA FINE
US hits Bank of America with $1.2 billion fine, says it violated money laundering, sanctions lawsThe US Treasury Department announced a $1.2 billion fine against Bank of America for violating anti-money laundering laws. This penalty mar...- The most expensive half-sentence in market history, and Warren Buffett wrote the other halfHe wrote it as a caution. Somebody published just one half of it. A great many investors acted on the half they were shown. Warren Buffett ...
- US Stocks: Bain Capital explores sale or IPO of Dessert Holdings, sources sayBain Capital is considering a sale or initial public offering of its portfolio company Dessert Holdings that could value the maker of cak...
- X agrees to pay Brazil fines, court orders finances unblockedA Brazilian judge on Tuesday ordered the unblocking of the bank accounts of Elon Musk's X in the country after the social media platform ag...
- US regulator fines Bank of America $24 million for Treasuries spoofingSpoofing involves placing orders traders intend to cancel, hoping to create a false sense of market activity that moves prices in a directi...
- RBI fines Bank of America, N.A., HDFC BankThe Reserve Bank of India (RBI) has imposed a penalty of Rs 10,000 each on Bank of America, N.A., and HDFC Bank Ltd for violations of certa...
- US regulators hit more Wall Street firms with record-keeping finesThe Commodity Futures Trading Commission separately fined affiliates of five of the same group another $260 million for related issues: Wel...
- BofA profit surges on interest income, surprise investment banking gainBank of America joined rivals JPMorgan Chase and Wells Fargo in reaping windfalls from charging clients higher interest rates as the Federa...
- Bank of America to pay more than $100M for doubling fees, opening accounts without customer consentBank of America has been ordered to pay over $100 million to its customers for multiple violations, including double-dipping on some fees, ...
- EU fines UBS, Nomura, UniCredit $452 million over bond cartelThe European Commission said the European government bond cartel ran from 2007 to 2011, with traders from the banks informing each other on...
- RBI imposes penalty on five foreign banks for forex violationsGermany's Deutsche Bank was penalised the highest Rs 20,000 while US' Bank of America-Merrill Lynch, UK's Royal Bank of Scotland, Japan's B...
- Citigroup Inc reaches $7 billion mortgage-bond settlementThe bank took a $3.7 billion charge in the second quarter ended June 30 to cover the cost of the settlement, the New York-based firm said t...
- BNP Paribas execs face shareholder grilling over US fineBNP Paribas is in talks with US authorities to pay more than $3 billion to resolve probes into whether the French bank violated US sanction...
- RBI penalises 19 banks for flouting derivative normsRBI has imposed penalties on 19 commercial banks, including SBI, HDFC Bank, ICICI Bank and Citibank, for violating norms on derivatives, Pa...
- Regulatory sanctions in US "embarrassing": HSBC Global HeadUK-based HSBC on Wednesday said regulatory sanctions being faced by the bank in the US is "embarrassing" and would have a bearing on its im...
- Merrill paying $10 mn to settle SEC fraud chargesMerrill Lynch on Tuesday agreed to pay a $10 million fine to settle civil securities fraud charges by regulators who accused the firm of mi...
- All business: How tough is the SEC?US appears to be getting tough on corporate shenanigans, securing $83 mn in fines last week from BoA & GE for misleading investors. Top Acc...
- Merrill to pay $1 mn civil fine in settlement with SECThe Securities and Exchange Commission says Merrill neither admitted nor denied the violations, which the agency says occurred from 2002 th...
- Exim Bank extends $10-mn LoC to Uzbekistan bankExim Bank on Monday said that it has extended a Line of Credit (LoC) of $ 10-million to Uzbekistan's National Bank for Foreign Economic Act...
- BankAm may soon take over No 1 slot from CitiBank of America, a Charlotte, North Carolina-based lender which makes almost 95% of its revenue in the US, is on the brink of overtaking Ci...
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