Fed says it does not object to Bank of America's resubmitted capital distribution plan
WASHINGTON (MarketWatch) -- The Federal Reserve on Thursday announced that it has not objected to Bank of America's resubmitted capital distribution plan. In March, the Fed had asked Bank of America to submit a revised strategy by the end of September. In a statement, the U.S. central bank said the bank has made progress in fixing identified deficiencies in its capital planning processes.
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