Bank of America Has 'Accountability' in Face of Fines, Says Moynihan
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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. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our Y
Tags: Bank of America, Bank of America Corp., Banking, Bond Market, Brian Moynihan, Economy, Jonathan Ferro, Money Laundering, Regulatory oversight, Sanctions, Scott Bessent, Treasury Dept; U.S., U.S. Regulators, banking regulation, fines
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