Fed approves Bank of America's capital plan

``The Federal Reserve said it would not object to Bank of America Corp.'s resubmitted capital plan, allowing the bank to move forward with a dividend increase. Bank of America said Wednesday it was increasing its quarterly dividendto 5 cents per share, an amount The Wall Street Journal previously reported that the bank had requested. The bank didn't ask for permission to buy back its own shares, after previously asking for a $4 billion share buyback in March.''