YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Bank of America reported $1.2 billion in penalties and settlements in 2022.
Among expenses was $225 million in penalties paid to regulators over employees' use of unauthorized messaging platforms, including WhatsApp.
The company's expenses for litigation and regulatory investigations were $164 million in 2021 and $823 million in 2020.
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