BAC Subject to Increasing Scrutiny: Senator Warren Reportedly Calling For DOJ Criminal Probe Over Violations of Anti-Money Laundering, Sanctions Laws; Securities Class Action Filed -- HBSS

Bank of America faces a securities class action lawsuit and calls for a DOJ criminal investigation by Senator Elizabeth Warren following the bank's admission of willful violations of federal anti-money laundering laws. The Treasury Department, FinCEN, and OCC announced enforcement actions requiring BAC to pay over $1.2 billion in penalties for BSA/AML failures and unreported suspicious transactions exceeding $5 billion. The stock declined 4.8% following the disclosure, and investors who suffered losses during the class period (August 1, 2025 – October 13, 2026) are urged to participate in the litigation.