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DOJ Scrutiny Puts Bank Of America Account Practices And Valuation In Focus
The Department of Justice has issued subpoenas to Bank of America (NYSE:BAC) regarding potential politically motivated account closures.
The inquiry focuses on whether any account shutdowns at major U.S. banks were conducted in a politicized or unlawful way.
This investigation adds a regulatory and reputational angle that goes beyond Bank of America's usual financial and operating updates.
Bank of America is one of the largest U.S. banks, with business lines spanning consumer banking,...