Bank of America Corp (BofA) amassed $1.2 billion in expenses
source: gettyimage.comThe cost is a major jump from $164 million recorded by the second-largest
source: gettyimage.comU.S. lender in 2021 and $823 million in 2020
source: gettyimage.comand excludes payments for internal and external lawyers
source: gettyimage.comThe company dealt with several major issues in 2022, setting aside $354 million
source: gettyimage.comBofA also paid $225 million in penalties to U.S. financial
source: gettyimage.comA pair of banking regulators also fined the bank $225 million
source: gettyimage.com