BANK OF AMERICA EATS $1.2 BILLION AML CHARGE

Bank of America booked a $1.2 billion charge tied to anti-money-laundering and sanctions compliance failures in its third quarter, after the OCC and FinCEN hit the bank with consent orders. The non-deductible charge pulled reported diluted EPS down to $0.91, versus an adjusted $1.08 before the penalty. $BAC shares fell on the news even as core deposits and loan growth kept climbing.