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Bank of America hit with $1.2B in penalties over money laundering, sanctions failures - YAHOO FINANCE

OCTOBER 14, 2026

Yahoo Finance Washington Correspondent Jennifer Schonberger joins Market Domination Overtime to share breaking news that the US Treasury is fining Bank of America (BAC) $1.2 billion, accusing the bank of violating numerous sanctions.

MARKET NEWS

October 14 Nigeria’s oil output surges 1.72m barrels in Sept October 14 Turkish Airlines expands Istanbul-Lagos flight schedule - PUNCH October 14 Nigeria’s interbank rates ease as liquidity climbs to N4.04trn - PUNCH October 14 IMF raises its forecast for world growth this year but warns of risks from AI boom an... (read more) October 14 Nigeria Beats OPEC Quota For Fifth Straight Month - NEW TELEGRAPH October 14 Shell signs agreement to sell Nigeria domestic gas business - NIGERIAN TRIBUNE October 14 FG Settles N1.23 trillion Power Debts - INDEPENDENT October 14 Bank of America hit with $1.2B in penalties over money laundering, sanctions failures... (read more) October 14 Shell to exit Nigeria’s gas distribution business, sell stake to Vaaris Energy - THE CABLE October 14 Trump’s Russia Deal Is Too Small to Dent Diesel Prices - BLOOMBERG October 14 Naira records second day of depreciation against USD - DAILY POST October 13 The US oil reserve stayed steady last week, but hurricane- and Iran-related withdrawa... (read more) October 13 London calling – Airtel Money’s London listing reminds that London is the gateway for... (read more) October 13 Naira slips against dollar - P.M.NEWS October 13 Equities dip as market value falls to N160tn on NGX - PUNCH October 13 Naira depreciates against USD to begin week on negative note - DAILY POST October 12 Ghana’s yuan payment system puts Nigeria’s $2bn swap deal in focus - NIGERIAN TRIBUNE October 12 Nigeria imports petrol as Dangote exports to W’Africa – Report October 12 Nigeria’s debt interest soars 124% above revenue - PUNCH October 12 FX market turnover surges 98% to $3.37bn - PUNCH October 09 South African rand holds steady after weak manufacturing data - REUTERS October 09 Nigeria proposes petrol price cap to curb fuel cost volatility - REUTERS October 09 World Bank sees Nigeria growth averaging 4.4% through 2028 - REUTERS October 09 Nigerian states’ revenues rise 93%, but education spending drops — World Bank - NAN October 09 AFRICA-FX-Uganda's currency expected to remain on the ropes - REUTERS October 09 Naira extends depreciation against USD - DAILY POST October 09 Nigeria risks economic setback if petrol subsidy returns - Oyedele - THE SUN October 09 Subsidy return could push petrol to N2,000, dollar to N3,000 - FG - PUNCH October 08 Kenya central bank keeps main lending rate unchanged - REUTERS October 08 Germany Doubles 2026 Growth Outlook as Manufacturing Rallies - BLOOMBERG

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