The Federal Reserve said Wednesday it would not object to Bank of America’s capital plans, green-lighting any intentions the Charlotte company might have to boost its dividend or buy back shares. The announcement is part of the Fed’s widely watched stress testing of the biggest U.S. banks. An outgrowth of the financial crisis, the annual checkups measure whether banks have sufficient capital to absorb losses and continue operating in another downturn. Among Charlotte’s other big banks, San Francisco-based Wells Fargo and...
↧