Sen. Elizabeth Warren is calling on the Justice Department to open a criminal investigation into Bank of America and its executives after the banking giant admitted it willfully violated federal anti-money-laundering laws, according to a letter first shared with CNBC. The Massachusetts Democrat and ranking member of the Senate banking committee called the more than $1.2 billion in penalties imposed on the bank Oct. 13 a "slap on the wrist" and urged Attorney General Todd Blanche to determine whether criminal charges are warranted. "The documented violations by Bank of America allowed illicit actors to move billions through the U.S. financial system," Warren wrote. She gave the DOJ until Nov.
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