Browsing Tag
Financial Crimes Enforcement Network
2 posts
Bank of America stock near $50: Does a $1.2bn fine justify a $27bn selloff?
Bank of America shares have lost approximately $27 billion in market value after a major anti-money-laundering enforcement action and disappointing quarterly earnings. With the stock near $50, investors face a valuation question that extends beyond the regulatory fine to sustainable profitability, compliance costs and returns on tangible equity.
US sanctions CJNG-linked fuel network as cartels expand beyond drug trafficking
Mexican cartels are turning tax-free United States fuel into a major revenue stream. New sanctions expose the companies and financial routes involved.