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Regions / Americas

Bank of America resubmits stress test capital plan

Staff | June 2, 2014

CHARLOTTE, North Carolina – Bank of America said on May 27 that it has resubmitted its capital plan to the Federal Reserve following the bank’s disclosure in late April of a $4bn error in its 2014 Comprehensive Capital Analysis and Review (CCAR). In its Form 8-K filing to the Securities and Exchange Commission, the bank said it has now completed a third-party review of the “processes and controls” regarding reporting and calculation of regulatory capital ratios.

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