BRIEF — Fitch Says Anti — Money Laundering Is An Area Of Bank Regulation That Is Not Materially Loosening
Oct 16 (Reuters) — Fitch: Fitch: Anti-money Laundering Is An Area Of Bank Regulation That Is Not Materially Loosening Despite A Broader Shift Toward Regulatory Relief Fitch: Remediation, Operating Constraints, If Imposed On Large Banks Due To Anti-money Laundering Actions, Could Pressure Medium-term Profitability Fitch: Aml Deficiencies, Enforcements And Prolonged Remediation Could Affect Credit Quality If They Constrain A Bank's Franchise, Growth Or Earnings Fitch: Does Not View Aml Remediation Costs As A New Recurring Cost Burden For Bank Of America Source text:... Further company coverage: BAC.N AXP.N TD.TO (Reuters.Briefs@thomsonreuters.com;)
Oct 16 (Reuters) — Fitch: Fitch: Anti-money Laundering Is An Area Of Bank Regulation That Is Not Materially Loosening Despite A Broader Shift Toward Regulatory Relief Fitch: Remediation, Operating Constraints, If Imposed On Large Banks Due To Anti-money Laundering Actions, Could Pressure Medium-term Profitability Fitch: Aml Deficiencies, Enforcements And Prolonged Remediation Could Affect Credit Quality If They Constrain A Bank's Franchise, Growth Or Earnings Fitch: Does Not View Aml Remediation Costs As A New Recurring Cost Burden For Bank Of America Source text:... Further company coverage: BAC.N AXP.N TD.TO (Reuters.Briefs@thomsonreuters.com;)