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Sen. Elizabeth Warren asked the Justice Department to say by Nov. 12 whether it has opened a criminal investigation into Bank of America, according to CNBC. The request follows the bank’s admission of anti-money-laundering violations, the reports say.
HOW THIS BRIEF WAS MADE 2 outlets: 2 national. Automated sourcing and summaries by the BLUF engine. Corrections
A criminal investigation could add legal and compliance pressure on one of the country’s largest banks, but the supplied reports do not say that DOJ has opened one. The matter is relevant to the bank, its customers and financial regulators.