BBVA Compass capital plan approved by Fed

|By:, SA News Editor

BBVA Compass is approved for semi-annual $51M dividend payments to parent BBVA. (PR)

As previously reported, HSBC North America was rejected from paying dividends to parent HSBC for "qualitative" reasons relating to weaknesses in its capital planning processes. HSBC N.A. expects to resubmit its plan incorporating enhancements in its processes.

RBS CItizens (RBS), and Santander Holdings (SAN) were rejected from sending money upstairs for similar reasons, and will be resubmitting as well.