Senator Warren (Ranking Member, Senate Banking Committee) is urging DOJ to launch a criminal investigation into Bank of America after the bank admitted willful AML violations. CNBC reported the call Oct. 29. Warren demands DOJ respond by Nov. 12. A securities class action has also been filed alleging false statements about compliance controls. Treasury/FinCEN/OCC imposed $1.2B penalties on Oct. 13. BAC fell 4.8% to $51.39 on Oct. 14.
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