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Bank Of America Is Gonna Try This One Again

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Bank of America Corp. said Tuesday that it had resubmitted its smaller stress-test capital plan to the Federal Reserve. The announcement is the latest step as the bank navigates the aftermath of a $4 billion capital error it disclosed last month. The error, disclosed April 28, forced the bank to suspend its plans for returning capital to shareholders, and the Fed had given it until Tuesday to submit a new plan. [WSJ]

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