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Inmaculada Guerrero Melgar

@inma4366igm

2 years ago
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Posted On: January 31st 2025, 01:34 pm
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When it rains, it pours. Yesterday, Bank of America (BofA) was slapped with more than $1.2 billion in penalties for allegedly violating anti-money laundering and sanctions laws. The fine is the third-largest ever handed down by the Treasury Department, behind Binance in 2023 ($3.4 billion) and TD Bank in 2024 ($1.3 billion). Regulators found that BofA failed to report more than $5 billion in suspicious transactions, including over $1 billion involving potential national security risks linked to Chinese money laundering networks and illicit activity along the US-Mexico border. The bank also admitted to longstanding deficiencies in its compliance systems, despite previous warnings from regulators. Making matters worse, BofA went on to report quarterly earnings this morning, delivering itself yet another blow. Even excluding the historic regulatory charge, the second-largest US bank still missed Wall Street estimates. That double whammy promptly sent shares tumbling as much as 8% before closing down 4.8%. It was the bank’s largest post-earnings fall in 16 years. 📸 : Getty / Bank of America
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I saw y’all asking about how you could get your hands on one of the cards from the 2027 My Kinda Saturday Night Tour’s announce video, so my team and I had another set made. I signed them for a giveaway (each with a custom card stand from @cards.comics.toys). For a chance to win, follow the steps below: 1) Like this post 2) Comment the city you’re attending next year (all dates on lukecombs.com) 3) Share this post with your friends *Giveaway not associated with Instagram.*
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