CNBC's Kate Kelly reports Bank of America will pay $9.6 billion in cash and provide consumer relief valued at $7 billion for its role in the sale of mortgage-backed securities before the 2008 financial crisis.» Read More
The decision comes after a federal judge's ruling that there was no meaningful way to challenge the designation, a situation deemed unconstitutional.
WASHINGTON— The Obama administration is promising to change the way travelers can ask to be removed from its no-fly list of suspected terrorists banned from air travel. In response, the Justice Department said the U.S. will change the process during the next six months.
A former Rabobank employee pled guilty to participating in a plot to manipulate the Yen Libor rate, the second employee of the Dutch lender to do so.
Community Health Systems said a group believed to be operating out of China attacked its hospitals, affecting 4.5 million patients. Re/code reports.
CNBC's Rick Santelli, and James Bianco, Bianco Research president, discuss whether big geopolitical news coming out of Iraq and Ukraine should be big news for the market.
Volkswagen is recalling Chrysler-built Routan minivans that have ignition switches that can inadvertently shut off the engine.
About 900 writers have demanded that Amazon stop using writers as hostages in e-book talks with publishers. The NYT reports.
NEW YORK,- A Manhattan federal judge on Thursday said the U.S. Department of Justice may pursue most of its lawsuit accusing Novartis AG of civil fraud for allegedly using kickbacks to boost sales of drugs covered by Medicare and Medicaid.
NEW YORK, Aug 7- A Manhattan federal judge on Thursday said the U.S. Department of Justice may pursue most of its lawsuit accusing Novartis AG of civil fraud for allegedly using kickbacks to boost sales of drugs covered by Medicare and Medicaid.
Former chair of the FDIC Sheila Bair, gives her take on Bank of America's potential landmark settlement with the Justice Department, and shares her thoughts on "too big to fail."
CNBC's Kate Kelly reports Bank of America nears a potential mortgage settlement with the Justice Department.
Bank of America's potential settlement with the DOJ has focused the spotlight on Justice Department official Tony West. CNBC's Kate Kelly reports he is a big fan of public service.
As BofA nears a potential $17 billion settlement with the Justice Department, CNBC's Kate Kelly discusses the problems the bank has faced since Brian Moynihan has taken over as CEO.
Bank of America's potential settlement with the DOJ has focused the spotlight on Justice Department official Tony West. CNBC's Kate Kelly provides insight on his bank oversight history.
According to sources, Bank of America is nearing a settlement deal with the Department of Justice. Nothing is final yet, reports CNBC's Kate Kelly.
Bank of America and the Justice Department are closing in on a deal to settle mortgage probes that could reach as much as $17 billion.
According to sources, Bank of America is nearing a settlement deal with the Department of Justice, with CNBC's Kayla Tausche.
The writing has been on the wall since the beginning that this was not a feasible expectation, say Craig Moffett, MoffettNathanson founder & senior analyst, sharing his thoughts on Sprint's decision not to pursue T-Mobile.
CNBC's David Faber reports Allergan has filed a lawsuit against Valeant Pharmaceuticals and Pershing Square's Bill Ackman alleging a violation of federal securities laws.
The White House dismissed the legal defeat as "interesting to legal theorists," but House Speaker John Boehner said it's further proof that Obamacare "is completely unworkable."