Bank of America Profits Fall 17% Following $1.2 Billion Money Laundering Fine

T2Covered by 1 source · first reported by PYMNTS at 14 Oct, 16:27 UTC

Bank of America’s profits dropped 17% during the third quarter, according to a Wednesday (Oct. 14) quarterly earnings press release, following a $1.2 billion regulatory fine over money laundering violations. The second-largest bank in the United States reported third-quarter earnings one day after…