Bank of America is facing increasing scrutiny over its banking practices, with calls for accountability from various political figures and commentators. Secretary Scott Bessent has publicly criticized the bank for its alleged illegal practices, suggesting that a Department of Justice investigation may be necessary. The controversy has intensified as whistleblowers come forward regarding the bank's de-banking actions, particularly against organizations with political affiliations. Critics recall past instances where Bank of America severed ties with deportation centers and other entities, fueling claims of politically motivated banking decisions. Meanwhile, Bank of Montreal (BMO) has dismissed a managing director from its U.S. mortgage-backed bond desk amid an ongoing SEC investigation into misleading marketing practices, with the firm finalizing a $41 million settlement deal. This development highlights the regulatory pressures facing financial institutions in the current environment.