Bank of America fined $1.2 billion over money-laundering violations

A $1.2 billion fine against Bank of America over money-laundering violations was reported, with CNBC noting the Treasury Department action came less than a day before the bank's quarterly earnings. The Reddit post came first, about 20 minutes before CNBC.

Timeline

1. 13 Oct, 20:24 UTCFirst appeared on r/news
2. 13 Oct, 20:45 UTCCNBC reports the $1.2 billion fine
3. 13 Oct, 22:52 UTCReached #1 on TrendHeat

Top sources

• US hits Bank of America with $1.2 billion fine over money launderingr/news
• Bank of America fined $1.2 billion over money-laundering violationsCNBC