Bank of America agreed to pay $16.65 billion to end investigations into mortgage securities that it sold in the run-up to the financial crisis.» Read More
The largest public pension in the country has quietly reduced its investment in one of the largest technology investment firms.
The dollar is strong and things could heat up even further for foreign exchange as global central bankers convene in Jackson Hole.
The long-anticipated settlement is expected to consist of a penalty of $9.6 billion and a package of consumer-relief measures valued at $7 billion.
Some of the names on the move ahead of the open.
How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much.
Bank of America is expected to pay more than $16.5 billion to end investigations into mortgage securities that the bank and its units sold.
Leaders are expected to agree that top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis.
The Federal Reserve has too much influence on capital markets and is seen as behind the curve when it comes to rates, according to a new survey.
Fund managers may face tougher scrutiny by regulators than planned after their lobbying against a first proposal backfired, sources said.
Pimco's New York location is addressing an "isolated issue with insects," and as a precautionary measure, is fumigating certain areas of its office.
Markets are awaiting a more hawkish tone from the Fed, but maybe not from Yellen when she addresses the Jackson Hole symposium.
Companies making headlines after the bell Wednesday:
Most Americans don't realize the market gained 30 percent last year, and only 1 in 9 call themselves savvy about investing, according to a survey.
But the minutes, released Wednesday, also showed that most members agreed more data was needed to move up the schedule of rate hikes.
A lot more money might be required to invest in private funds given new rules under consideration at the SEC.
Some of Wednesday's midday movers:
There are 316 stocks in the S&P 500—including Nabors and Michael Kors—where the future expected gains are higher than that for Apple, USA Today reports.
Forget the headlines and the charts: Despite the loopy market behavior recently, investors are downright apathetic.
The time has come for the Fed to get off its zero-rate policy, says economist Craig Dismuke. Here are five reasons why.
Robert Shiller's recent warning on U.S. stocks sent ripples through global markets, but one analyst says he is "dead wrong."
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