JRL CHARTS | LGBTQ+ News, Business, Entertainment & Politics2026-06-27T09:46:26-07:00

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1710, 2026

Bank of America Faces Historic $1.2B Reckoning as Q3 Profits Plunge 17%

By: Paul Goldberg – Senior Correspondent | LGBT Business Finance News NEW YORK, NY — (October 17, 2026) — Bank of America Corporation (NYSE: BAC) is facing a historic $1.2 billion federal regulatory penalty after U.S. Treasury officials uncovered major anti-money laundering and sanctions compliance failures, dealing another blow to the banking giant as its third-quarter profits plunged 17%. The October 13 enforcement announcement came just one day before the [...]

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