BofA says it's ready to 'move forward' after $1.21B penalty

T1Covered by 1 source · first reported by American Banker (headlines) at 14 Oct, 18:44 UTC

Following a historic hit from regulators, the nation's second-largest bank assured investors that it has already taken its medicine. But a closer look at its earnings shows the fines weren't BofA's only problem last quarter.