BofA resubmits capital plan to Fed

|About: Bank of America Corporation (BAC)|By:, SA News Editor

"The third party review has been completed and resulted in additional adjustments that had a de minimis effect (less than one basis point reduction) on the Corporation’s reported regulatory capital ratios for the period ended September 30, 2013, and no effect on such ratios for the period ended March 31, 2014."

The Fed has up to 75 days to review the resubmission.

BAC +1.4% premarket