1. Sort and rince black beans. Cover with water and soak overnight; drain. Place beans in large saucepan with chicken broth; bring to a boil over high heat. Add bay leaf. Reduce heat to low; cover and simmer about 1 1/2 hrs or until beans are tender.
2. Heat oil in large skillet over medium heat. Add onioln, bell peppers, garlic & jalapeno; cook 8 - 10 min or until onion is tender, stirring frequently. Add tomato, salt and black pepper; cook 5 min.
3. Add onion mixture to beans; cook 15 to 20 min. Remove bay leaf before serving. Serve with hot sauce and garnish. if desired.