at CNBC.com (Wed, 12:03PM)
While it's questionable how much capital the Fed will allow Bank of America (BAC) to return to shareholders, the bank doesn't need D.C.'s permission to pick off some low-hanging fruit - redeeming Warren Buffett's $5B in preferred stock. The shares do not qualify as capital under new Basel rules, but BofA pays 6% on them, nearly double the average of its long-term debt.
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at Nasdaq.com (Mon, 12:28PM)
at Investor's Business Daily (Jan 22, 2015)
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