Bank of America racked up $1.2 billion in penalties, settlements in 2022

Bank of America Corp (BofA) (BAC.N) amassed $1.2 billion in expenses for litigation and regulatory investigations last year including fines and settlements, according to a company filing on Wednesday. The cost is a major jump from $164 million recorded by the second-largest U.S. lender in 2021 and $823 million in 2020 and excludes payments for internal and external lawyers...
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