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Bank of America Has 'Accountability' in Face of Fines, Says Moynihan

Bank of America chairman and CEO said that the bank has 'accountability for everything we do' after being served $1.21 billion of fines over money laundering and sanctions issues. Moynihan, speaking to Bloomberg's Jonathan Ferro, said that Bank of America has already factored in the cost of the remedying the issues and know that the company needs to do to deliver for investors. (Source: Bloomberg)

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BloombergLean L·1h ago
Bank of America Has 'Accountability' in Face of Fines, Says Moynihan
Bank of America chairman and CEO said that the bank has 'accountability for everything we do' after being served $1.21 billion of fines over money laundering and sanctions issues. Moynihan, speaking to Bloomberg's Jonathan Ferro, said that Bank of America has already factored in the cost of the remedying the issues and know that the company needs to do to deliver for investors. (Source: Bloomberg)
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Bank of America Has 'Accountability' in Face of Fines, Says Moynihan

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