Wednesday, 14 October 2026 Updated 57 min ago
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Bank of America posts third-quarter profit drop due to $1.2 billion Treasury fine

The U.S. Treasury Department announced a $1.2 billion penalty against Bank of America on Tuesday.

According to CNBC, the U.S. Treasury Department announced a $1.2 billion penalty against Bank of America on Tuesday.

This business story centres on the United States. Names and organisations mentioned in the coverage include Bank of America, Treasury Department and Treasury.

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Business and economic news can ripple through prices, jobs, investments and household budgets.

Key details

Location
United States · Americas
Reported by
CNBC
First reported
Key names
Bank of America, Treasury Department, Treasury
Section
Business

Sources

This is an independent summary. Read the full, original reporting from the publisher:

Read the full story at CNBC

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