A Bank of America logo is seen outside a bank branch in Charlotte, North Carolina January 19, 2010. REUTERS/Chris Keane/File Photoon Monday said it had begun a dialogue with the Federal Reserve to understand differing results of the central bank's stress test and the company's own under the Dodd-Frank Act.showed lenders including Bank of America have enough capital to weather a severe economic slump, paving the way for them to issue share buybacks and dividends.
The bank said in a statement however that it wants to understand the differences in a category called "other comprehensive income" during a nine-quarter period measured in the tests. Bank of America, the second-biggest U.S. bank, has not made any announcements about its dividend or share repurchase programs since the stress test results were published.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forget QT - the Fed will boost stocks as balance sheet to top $16 trillionForget quantitative tightening - the Fed will double its balance sheet to over $16 trillion, boosting stocks
Source: BusinessInsider - 🏆 729. / 51 Read more »