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One consequence of retaining so much capital is that Bank of America's return on equity is roughly half its 12% cost of capital. Over the last 12 months, for instance, it returned only 6.6% on its ...
Bank of America was the only bank to receive such a provisional pass. The U.S. arms of two non-U.S. banks failed: Deutsche Bank, headquartered in Germany, and Santander, based in Spain.
The combined losses from the entire group added up to $195 billion over the course of the stress test's nine-quarter scenario. And Bank of America led the way, with $36.3 billion worth of losses.
The Federal Reserve on Thursday gave Bank of America Corp. a passing grade on its resubmitted stress test but stopped short of granting the firm a gold star. While saying the firm needed to ...
Bank of America Corp. on Monday released new stress-test data projecting, under a hypothetical economic downturn, it would have the same capital levels as it projected last year.
It's not that I forget how Bank of America has generally performed in the past, but I never remember precisely which years it sailed through the test, which year it failed, and which years it ran ...
It's not that I forget how Bank of America has generally performed in the past, but I never remember precisely which years it sailed through the test, which year it failed, and which years it ran ...
NEW YORK-- Bank of America CEO Brian Moynihan is ending a tough year on a high note. The Federal Reserve Thursday gave two thumbs up to the bank's resubmitted stress test, allowing the bank to ...
While Bank of America (NYSE: BAC) has intermittently run into troubles on the stress tests in the past, there's every reason to believe that it will sail through the process this year.
It's beer o'clock at Bank of America (BAC -0.71%). The stress test results may have been released less than an hour ago, but the executives at Bank of America are almost certainly already celebrating.
The “stress” is far from over for Brian Moynihan. Bank of America was the only major US bank not to get full approval for its capital plans on Wednesday after Janet Yellen’s Federal Reserve ...
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