BofA's U.S. Stress-Test Resubmission Gets Clearance From Fed

``Bank of America Corp., the lender that's struggled with U.S. stress tests under Chief Executive Officer Brian Moynihan, passed the 2015 round after resubmitting its capital plan and persuading the Federal Reserve it improved internal controls... All of Bank of America's biggest competitors passed their test earlier this year, and the stakes for Moynihan, 56, were high. If the Fed found that the lender didn't fix weaknesses disclosed in March, it could have been forced to crimp dividends or stock buybacks for the third time during the CEO's tenure.''