The more than $113 billion New York City Pension Funds have been granted right of passage by the Securities and Exchange Commission (SEC) to present a foreclosure request on big bank shareholder ballots.

Shortly, some of the nation’s largest financial institutions, Bank of America (BofA), Citigroup, JPMorgan Chase, and Wells Fargo, will meet at their annual spring meeting. They will now have to leave a shareholder ballot slot open for the pension fund inquiry, however.

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