WSJ: Fed to BofA: No Dividend for You
MARCH 23, 2011, 8:14 AM ET Fed to Bank of America: No Dividend for You Bank of America is being left in the dividend cold. The banking giant said in a regulatory filing that the Federal Reserve rejected BofA’s proposed plan for a “modest” bump to its dividend in the second half of the year — a move BofA has been signaling to investors for months. BofA said it can “resubmit a revised comprehensive capital plan” to the Fed.