{
  "id": 14494796,
  "title": "BofA Sheds $30 Billion in Value as Years of Lapses Come to Light",
  "url": "https://urgent.news/2026/10/14/bofa-sheds-30-billion-in-value-as-years-of-lapses-come-to-light",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T15:52:32.000Z",
  "source": {
    "name": "Bloomberg",
    "slug": "bloomberg",
    "url": "https://www.bloomberg.com/news/articles/2026-10-14/bofa-sheds-30-billion-in-value-as-years-of-lapses-come-to-light"
  },
  "original_language": "en",
  "account": null,
  "summary": "Regulators were on edge. After they’d pushed Bank of America Corp. to tweak a key compliance system to flag more suspicious transactions, the bank found it had missed a staggering amount: thousands of payments totaling $4 billion of activity.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "‘The biggest financial institutions are not above the law’: Bessent hits BofA with $1.2 billion fine for money laundering—the third-largest in history",
        "url": "https://urgent.news/2026/10/14/the-biggest-financial-institutions-are-not-above-the-law-bessent-hits",
        "published": "2026-10-14T15:44:37.000Z"
      },
      {
        "outlet": "PYMNTS",
        "title": "Bank of America Profits Fall 17% Following $1.2 Billion Money Laundering Fine",
        "url": "https://urgent.news/2026/10/14/bank-of-america-profits-fall-17-following-1-2-billion-money",
        "published": "2026-10-14T16:27:56.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}