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Bank of America faces $1.2B penalty probe; investors may claim losses in class action lawsuit.

Market News
17 Oct 2026
Newsfile Corp
View Source
Bearish
Bank of America faces $1.2B penalty probe; investors may claim losses in class action lawsuit.

Bank of America is under investigation following a $1.21 billion penalty for anti-money laundering failures and sanctions violations, which caused its stock to drop 4.7%. The Rosen Law Firm is preparing a class action lawsuit for shareholders who may have been misled by the bank's business disclosures. Investors who bought Bank of America securities might be eligible for compensation without upfront fees. Those interested can join the lawsuit through the Rosen Law Firm's contact channels.

Bank of America Corp trades at USD 51.23 on Pluang as of Oct 18, 2026 03:31 WIB, down 0.91% in one day. The stock's 52-week range is between USD 46.72 and USD 64.81. Pluang data shows a high sell order activity of 97%, with typical hold time at 127 days.

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