Itemoids

Bank

Bank of America was slapped with a consent order over anti-money laundering weaknesses

Quartz

qz.com › bank-of-america-bofa-occ-bank-secrecy-act-bsa-aml-order-1851727766

Bank of America (BAC) agreed to a consent order with the Officer of the Comptroller of the Currency Monday to correct deficiencies within its anti-money laundering practices.

Read more...

JPMorgan Chase, Bank of America, and Wells Fargo are being sued for fraud on Zelle

Quartz

qz.com › zelle-fraud-cfpb-lawsuit-jpmorgan-bank-america-wells-1851726152

The Consumer Financial Protection Bureau sued JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) on Friday over fraud on the peer-to-peer payments network Zelle.

Read more...

Bank of England delivers 'dovish hold' as growth stalls, trade risks rise

Euronews

www.euronews.com › business › 2024 › 12 › 19 › bank-of-england-takes-final-interest-rate-decision-of-2024

The Bank of England maintained its key interest rate at 4.75% in a 6–3 split vote, as inflation pressures persist and growth falters. Inflation rose to 2.6% in November, but growth is now forecast at 0% for the fourth quarter. Markets interpreted the decision as dovish.