The 4 biggest names on Wall Street – Morgan Stanley, Goldman Sachs, J.P. Morgan Chase and Bank of America all struggled to pass. Bank of America is being required to submit a reworked plan in the fall, giving conditional approval for now. Not good for all BofA CEO Brian Moynihan has done to try to improve relations with regulators. The other 3 only passed after making some adjustments to ensure capital levels stayed about the Fed’s minimums. Billions of dollars were on the line for investors holding their breath until the Fed gave its verdict on the bank’s proposals for dividends and share buybacks.