Fed approves new Bank of America capital plan

December 10, 2015 8:03 PM

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The Federal Reserve has approved Bank of America Corp.'s revised plan for building a sturdy capital base, saying the bank has made progress in filling gaps in its plan.

The Fed announced Thursday that it wasn't objecting to the new plan filed by the second-largest U.S. bank.

Also read: RBS Fails Toughest-Ever BOE Stress Test, Boosts Capital Plan

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