Bank of America Corp (NYSE:BAC) said Monday that it would revise its previously announced regulatory capital ratios downward and suspend its share buyback.
The announcement marks a serious blow for the bank that had passed the stress test easily and was permitted to enhance its dividend for the first time since the financial crisis.
Last month,the Federal Reserve approved the...
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations.He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications.His hobbies are tracking global financial developments and watching sports
Get articles and insights from our weekly newsletter.
By entering your email, you agree to our Terms of Service and Privacy Policy.
