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Bank of America Dips After $1.2 Billion Treasury Fine
Original: Stock Market Today, Oct. 13: Bank of America Dips After $1.2 Billion Fine From Treasury Department
Bank of America shares slipped on Oct. 13 after the Treasury Department imposed a $1.2 billion fine on the bank. The penalty was the headline story in Monday's market coverage, with financial outlets leading their stock market wrap-ups with the dip in BofA shares. Traders and investors were watching how much the fine would weigh on the banking giant's stock and what it means for regulatory pressure on major US banks.
Why now: A large fresh regulatory fine on one of America's biggest banks moved its share price and dominated market coverage.
Bank of AmericaUS Treasury Department
Evidence
- Stock Market Today, Oct. 13: Bank of America Dips After $1.2 Billion Fine From Treasury Department · Yahoo Finance
- Stock Market Today, Oct. 13: Bank of America Dips After $1.2 Billion Fine From Treasury Department · The Motley Fool
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