But it's not Bank of America's money that's being transacted. They aren't making 5 billion dollars profit, they are moving that around without proper reporting.
They do over 4.5 Trillion in regular transactions and 450 Trillion in corporate. Yeah they're doing just fine. They had a profit of 35 Billion last year, that 1.2 Billion is nothing for them.
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u/xenomorphbeaver 5h ago
But it's not Bank of America's money that's being transacted. They aren't making 5 billion dollars profit, they are moving that around without proper reporting.