The Treasury Department announced approximately $1.21 billion in penalties against Bank of America over longstanding anti-money laundering failures and U.S. sanctions violations. Regulators found the bank failed to adequately investigate trillions of dollars in potentially suspicious transactions despite knowing about significant compliance deficiencies.The action includes the largest penalty in the…

SaverLife on Tuesday announced the launch of a customized version of its financial wellness app designed to support skilled trades workers through a partnership with BlackRock. The app was funded by The BlackRock Foundation through its Future Builders initiative, which aims to support workforce development, and the SaverLife x BlackRock…