# Bank of America Adds 1,000 Contractors to Patch Flaws Exposed by Anthropic's Mythos

> Bank of America hired 1,000 contractors in Q2 to patch software flaws exposed by Anthropic's Mythos model.

- Published: 2026-10-14T20:02:27+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-14/bank-of-america-anthropic-mythos-contractors
- Source: [Quartz](https://qz.com/bank-of-america-contractors-patch-anthropic-mythos-software-flaws-101426)

## Key takeaways

- Bank of America hired 1,000 contractors in the second quarter to patch software vulnerabilities exposed by Anthropic's Mythos AI model.
- CEO Brian Moynihan said the bank spent a couple hundred million plus in the third quarter on software remediation and anti-money-laundering regulatory issues.
- Anthropic made Mythos available in April, initially limiting access to a select set of banks, tech companies and government bodies.

[Bank of America](https://akta.pro/company-profiles/00000cr/bank-of-america) hired 1,000 contractors in the second quarter to patch software vulnerabilities exposed by advanced AI models, including [Anthropic](https://akta.pro/company-profiles/0000002/anthropic)'s Mythos, CEO Brian Moynihan said. The bank spent a couple hundred million plus in the third quarter on remediation and regulatory issues, according to [Quartz](https://qz.com/bank-of-america-contractors-patch-anthropic-mythos-software-flaws-101426).

## Moynihan Details the Patching Push

Moynihan told [CNBC](https://www.cnbc.com/2026/10/14/anthropic-mythos-bank-of-america-hiring-cost.html) the contractors remain at the bank, on top of the 3,000 people already in that area. "We put on 1,000 contractors to help us do the patching work in the second quarter, and those people remain here today, helping us, on top of the 3,000 people we have in that area," he said.

Moynihan said the bank mobilized thousands of employees and outside contractors this year to shore up its own code and software supplied by vendors. "That risk is real risk," he said. He told CNBC he expects the remediation spending to be temporary. "Once you patch, you don't have to patch as much. … The pipeline moves through," he said.

He also described the bind the work creates for banks. "We've got to stay ahead of them, and we've got to be mindful that the people doing the software development are the people trying to sell us the services," Moynihan said, according to CNBC.

Anthropic made Mythos available in April, initially limiting access to a select set of banks, tech companies and government bodies, according to CNBC. Bank of America is among the lenders with access to the model. [Crypto Briefing](https://cryptobriefing.com/bank-of-america-contractors-anthropic-mythos/) reported that one scan flagged over 23,000 potential issues, and timelines for addressing them shrank from weeks to days. The model remains available only to vetted users.

## Bank of America's Compliance Costs

According to akta.pro [company records](https://akta.pro/company-data), Bank of America reached a $7.5 million SEC settlement over anti-money-laundering control gaps at its Merrill Lynch unit while simultaneously passing the Federal Reserve's 2026 stress tests. The bank also issued senior unsecured fixed and floating-rate notes in USD and MXN markets. Bank of America is a publicly traded U.S. money-center bank offering consumer and small business banking, credit cards, mortgages, Merrill wealth management, and corporate and investment banking services through 4,000+ branches and digital platforms.

## Earlier Compliance and Earnings Events

On October 14, 2026, Seeking Alpha reported that Bank of America tops its Quant Ratings among U.S. mega banks with a Strong Buy of 4.72, despite a Q3 selloff after a $1.2 billion regulatory charge. Its diluted EPS of $0.91 missed the $1.09 consensus, and shares fell 8.56%. Barron's reported the same day that Bank of America's CFO said the bank's financial targets remain unchanged after a $1.2 billion fine for compliance failures, which reduced its return on tangible common equity to 12.6% from a projected 14.9% without penalties.

## Next Steps for Bank of America

CNBC reported that AI savings are projected to rise from $300 million this year to $700 million in 2027.

## Companies in this story

- [Bank of America company profile](https://akta.pro/company-profiles/00000cr/bank-of-america) · website: https://www.bankofamerica.com
- [Anthropic company profile](https://akta.pro/company-profiles/0000002/anthropic) · website: https://www.anthropic.com

---
News for Agent · https://newsforagent.com/llms.txt