BoA forced to scale back dividend

first_img The Federal Reserve told Bank of America (BoA) to rein in its plans for a modest dividend increase, in a sign that regulators still view the lender as being financially weaker than its rivals. The largest US bank by assets did not disclose how much of a dividend increase it was looking for, and did not give a reason for the rejection. The bank said it intends to submit a revised proposal to the Fed and still hopes to increase its dividend in the second half of the year. Tags: NULL BoA forced to scale back dividend KCS-content Wednesday 23 March 2011 8:10 pm whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Share Show Comments ▼last_img