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Violation Tracker Individual Record

Company: 
BANK OF AMERICA CORPORATION
Current Parent Company: 
Bank of America
Penalty: 
$205,000,000
Year: 
2015
Date: 
May 20, 2015
Primary Offense: 
banking violation
Violation Description: 

The Federal Reserve announced it will impose fines totaling more than $1.8 billion against six major banking organizations for their unsafe and unsound practices in the foreign exchange markets.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Reserve
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
North Carolina
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source of Data: 

http://www.federalreserve.gov/newsevents/press/enforcement/20150520a.htm (archived copy)

Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.