Macro Finance
BofA Takes US Regulatory Fines Seriously, CEO Moynihan Says
Bloomberg Markets·October 14, 2026·1 min read
Bank of America CEO Brian Moynihan said the bank takes the $1.2 billion in US government fines seriously and that accountability exists at the firm. He noted the costs are included in the company's 'baseline' budget. Moynihan spoke with Bloomberg's Jonathan Ferro about the regulatory penalties.
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