Senator Elizabeth Warren wants a criminal investigation into Bank of America after it was fined $1.21 billion.

Oct 30, 2026, 1:45 AM ETRulesRead the original at Benzinga

Bad for BAC

Bank of America was fined after regulators found it failed to report more than $5 billion in suspicious transactions. Its repair work is progress, but the call for a criminal investigation and the profit hit leave the news unfavorable.

BAC · Bank of America Corp.

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A criminal inquiry could bring more legal costs and closer oversight after regulators imposed a major penalty. The bank says it has made substantial progress and moved 1,000 employees to repair its systems. Still, regulators cited persistent failures, and the penalty cut quarterly profit by about 17 cents per share.

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