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Bank of America Corp (BAC) Submits Revised Capital Plan

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Mani
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Bank of America Corp (NYSE:BAC) said Tuesday it had resubmitted a revised capital plan to the Federal Reserve following a capital error that caused it to shelve the original plan.

Bank of America Corp (BAC) Submits Revised Capital Plan

The bank said Tuesday that the changes will lead to less than a one basis point reduction in reported capital ratios for the period that ended Sept. 30, 2013 and will have no effect for the period that ended March 31 of this year.

Capital error

While unveiling its results

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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