#BankOfAmerica is fined $1.21 billion for "money laundering and other illicit activity". Sounds like a lot, right? Now consider they are currently spending $6 billion a quarter on stock buybacks. That's $24 billion a year. This is not even a slap on the wrist, although it is the "third largest fine in US treasury’s history". Could we start punishing #criminal banks for real please?

https://www.theguardian.com/business/2026/oct/14/bank-of-america-fined-money-laundering