Form 8-K BANK OF AMERICA CORP For: Apr 13
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Bank of America (BAC) Confirms Resolution Plan Was Not Credible
April 13, 2016 5:37 PM EDTBank of America (NYSE: BAC) filed an 8-K confirming that its Federal Reserve, FDIC resolution plan was deemed not credible or would not facilitate an orderly resolution under the U.S. Bankruptcy Code
From the filing:
On July 1, 2015, Bank of America Corporation (the "Corporation") submitted a resolution plan (the 2015 Plan) as required by the Joint Resolution Plan Rule of the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation (together, the "Agencies") under... More
