Bank of Amerika Suspends Its $4B Stock Buyback Program

Bank of America (BAC) just announced a downward revision to its previously announced regulatory capital ratios and a suspension of its share buyback. The revision was apparently due to an incorrect adjustment related to its 2009 acquisition of Merrill Lynch & Co., Inc. “As a result, the company is making the following adjustments to the […] View the full post at: Bank of Amerika Suspends Its $4B Stock Buyback Program Related posts: FDIC Approves One Time $5.6 bln Fee Based on Bank Assets Gilead Sciences Announces Large Buyback The Supervisory Capital Assessment Program: Overview of Results