JPMorgan wins approval to resume stock buys after Whale loss
November 9, 2012 12:14 AM EST
JPMorgan Chase & Co said U.S. regulators have approved a plan for the company to use its capital to buy back its stock in the first quarter of 2013.
The Federal Reserve informed the bank on November 5 that it had approved the plan, the company said in a quarterly filing on Thursday.
The approved plan provides for the company to continue paying its current quarterly dividend on common stock, the filing said.
(Reporting by David Henry in New York; Editing by Gerald E. McCormick.)
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