Recent events
Recent events tied to this brand in public sources.
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2026
FinCEN imposes $1.2 billion penalty on Bank of America
FinCEN imposed a US$1.2 billion penalty on Bank of America for anti-money-laundering and sanctions failures, including failures to report suspicious activity on time. The bank admitted the facts and violations set out in the order; the order described the transactions as suspicious and did not establish that every payment involved criminal proceeds.
2026
Bank of America discloses hiring 1,000 contractors to patch software flaws exposed by Anthropic's Mythos
Bank of America CEO Brian Moynihan said on Wednesday, Oct 14, 2026, in an interview after the bank's third-quarter earnings release, that the bank added 1,000 third-party contractors in the second quarter of 2026 to support about 3,000 internal staff in patching proprietary and vendor software vulnerabilities exposed by advanced AI models including Anthropic's Mythos. He said software remediation, combined with anti-money laundering compliance, added a 'couple hundred million plus' to third-quarter costs, and that the bank expects remediation costs to decline over time.
2026
Bank of America agrees to pay $1.21 billion in anti-money laundering penalties
Bank of America acknowledged serious anti-money laundering compliance failures and agreed to pay $1.21 billion in penalties, with shares falling as much as 9% on Wednesday. According to the U.S. Treasury Department, the bank failed to promptly report more than $5 billion in suspicious transactions, over $1 billion of which involved potential national security threats. The penalties were imposed by three Treasury agencies through civil enforcement actions, with no criminal charges against bank executives, and the bank must now undergo an independent review of previously overlooked suspicious transactions. The settlement drew criticism from Binance founder Changpeng Zhao, who questioned the treatment difference between banks and crypto exchanges.
2026
Bank of America scheduled to report Q3 2026 earnings on October 14
Bank of America is scheduled to release its third-quarter 2026 results ahead of the US market open on Wednesday, October 14, 2026, with a management call at 8:30 a.m. ET. Analysts polled by LSEG expect single-digit year-on-year earnings and revenue growth.
2026
OFAC reaches US$11.7mn settlement with Bank of America over apparent sanctions programme violations
The US Office of Foreign Assets Control (OFAC) announced a US$11.7mn settlement with Bank of America after nearly 500 alleged violations of sanctions programmes. OFAC said that between 2021 and 2025 Bank of America engaged in 475 apparent violations of sanctions programmes targeting Russia, Belarus, Iran, Burma, Somalia, narcotics, and global terrorism, across transactions totalling nearly US$15mn, and that issues generally occurred because sanctions screening filters had not been updated in time or because of human error in assessing false positives.
2026
Bank of America fined $1.21 billion over suspicious-activity reporting failures
Federal regulators imposed $1.21 billion in penalties on Bank of America on Tuesday after finding it failed to quickly report more than $5 billion in suspicious transactions. Treasury's Financial Crimes Enforcement Network assessed about $1.2 billion, including a record $750 million penalty from the Office of the Comptroller of the Currency, and the Office of Foreign Assets Control separately settled 475 apparent sanctions violations with the bank for $11.6 million. Regulators found the bank had not fixed the BSA/AML compliance problems it committed to address in a December 2024 cease-and-desist order, and the FinCEN order requires the bank to hire a third party to identify previously unreported suspicious transactions. Bank of America said the penalties will result in a $1.2 billion non-tax-deductible charge in its third-quarter results.
2026
U.S. Treasury fines Bank of America $1.2 billion over anti-money laundering and sanctions violations
The U.S. Treasury Department is fining Bank of America $1.2 billion for allegedly violating anti-money laundering and sanctions laws. Treasury said its Financial Crimes Enforcement Network (FinCEN) assessed the $1.2 billion penalty for the bank's failure to mitigate and report priority national security risks, including Chinese money laundering networks and illicit finance along the southwest border; the bank allegedly processed millions of dollars in payments that violated sanctions programs, including programs targeting global terrorism and narcotics. The penalty includes $750 million that will go to the U.S. Office of the Comptroller of the Currency, the largest fine ever imposed by that agency.
2026
OCC issues US$750mn civil monetary penalty against Bank of America over anti-money laundering control breakdowns
The US Office of the Comptroller of the Currency (OCC) announced a US$750mn civil monetary penalty against Bank of America, its largest ever, following widespread breakdowns in anti-money laundering controls; the amount is included within the FinCEN penalty and is to be paid to the Treasury. The OCC said that despite a 2024 order requiring the bank to address deficiencies in its anti-money laundering programmes, Bank of America still failed to prioritise compliance.
2026
Bank of America settles with OFAC for $11.6 million over sanctions program violations
As part of the same U.S. Treasury enforcement actions announced on Tuesday, October 13, 2026, Bank of America settled with the Treasury Department's Office of Foreign Assets Control for $11.6 million over apparent violations of numerous sanctions programs, including those concerning Iran, Russia, narcotics, and global terrorism.
2026
Alaska Airlines to launch Atmos rewards debit card with Bank of America
Alaska Airlines said it plans to launch early next year a rewards debit card for its Atmos loyalty program, expanding the carrier's co-branded cards it offers with Bank of America. The airline said the new debit card is aimed at younger and new arrivals in the U.S. and "expands the program's reach beyond traditional credit products."
2026
Bank of America launches $250 billion U.S. infrastructure finance initiative
Bank of America launched a $250 billion initiative on Wednesday to finance U.S. infrastructure development through lending, investments, capital markets activity, and advisory services over an 18-month period ending July 4, 2027.
2022
Versana announces planned syndicated-loan platform launch
Versana announced plans to launch an industry-backed syndicated-loan platform, which was expected to launch later in 2022. Its founding members include J.P. Morgan, Bank of America, Citi and Credit Suisse.
2022
Insider launches sustainable finance editorial series with Bank of America
Insider announced a new editorial series, Financing a Sustainable Future, created with Bank of America. The series will spotlight sustainable finance and explore its role in environmental transition and social development.
2021
Prairie Wolf Solar Project closes $98 million tax equity financing
National Grid Renewables announced the closing of $98 million in tax equity financing from Bank of America to support its Prairie Wolf Solar Project in Illinois; Bank of America was the sole tax equity investor.
2021
Lucid selects Bank of America as preferred lending partner
Lucid Group announced that it selected Bank of America as its preferred lending partner, providing customers an opportunity to apply for vehicle financing services.
2021
Bank of America added as defendant in Satterfield family lawsuit
Attorneys representing Gloria Satterfield’s family amended their lawsuit to add Bank of America as a defendant, alleging the bank facilitated Alex Murdaugh’s alleged laundering of money stolen from the family. These are allegations in the lawsuit, not findings established by the article.
2021
Bank of America expands free flu-shot funding with CVS Health
Bank of America partnered with CVS Health to expand funding for free flu shots distributed through Martha's Village & Kitchen, the Galilee Center, and eight other Inland Empire nonprofits.
2021
RADical Hope expands RADical Health with college partners
RADical Hope said it would scale its RADical Health resilience program nationally during the academic year, with at least a dozen schools planning to bring it to students. Bank of America was identified as a strategic partner supporting expansion to 20 historically Black colleges and universities, Hispanic-serving institutions, and Tribal colleges and universities over three years.
2021
First Industrial closes revolving credit facility and term loan refinancing
First Industrial Realty Trust announced that it closed a $750 million senior unsecured revolving credit facility and refinanced its $200 million unsecured term loan.
2021
Bank of America and Enterprise affordable-housing financing partnership
Bank of America Community Development Banking and Enterprise Community Partners are investing $30 million in loans and $30 million in equity financing to support BIPOC leaders developing affordable and supportive housing.