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Bank of America Corp

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  • SEC's Cox: 'Naked' Short Ban to Restore Confidence Wednesday, 16 Jul 2008 | 3:55 PM ET

    The SEC issued its emergency ruling against naked short-selling Tuesday to build investor confidence regarding market information, SEC Chairman Christopher Cox told CNBC.

  • Stocks Close With Huge Rally As Oil Plunges Wednesday, 16 Jul 2008 | 2:46 PM ET

    Stocks closed with huge gains as drop in oil prices boosted sectors previously battered by energy costs. Financials also moved sharply higher.

  • Wells Fargo Tops Expectations, Hikes Dividend Wednesday, 16 Jul 2008 | 1:15 PM ET

    Wells Fargo, the fifth-largest U.S. bank, reported better-than-expected quarterly results and raised its dividend despite a 23 percent decline in profit caused by a surge in bad loans.

  • Stocks Jump as Oil Slides, Banks Surge Wednesday, 16 Jul 2008 | 10:51 AM ET

    Stocks pushed higher as oil plunged for the second day in a row and financials staged an across-the-board rally that stemmed investor pessimism about the effects of inflation on the economy.

  • Countrywide Settles Lending Suit in Pennsylvania Wednesday, 16 Jul 2008 | 4:04 AM ET

    Countrywide Home Loans has agreed to pay $325,000 to the Chapter 13 bankruptcy trustee in Pittsburgh, settling a matter that accused the lender of abusive practices in almost 300 mortgage loans overseen by the court.

  • SEC Limits Short Sales of Major Financial Firms Wednesday, 16 Jul 2008 | 3:56 AM ET

    U.S. securities regulators issued an emergency rule Tuesday to limit certain types of short selling in major financial firms, including Fannie Mae and Freddie Mac.

  • Dow Closes Below 11,000 as Banks Slide Tuesday, 15 Jul 2008 | 4:28 PM ET

    Stocks closed lower following a zig-zag day marked by a plunge in oil and a barrage of statements and news from economic policy makers, and a resurgence for the beaten-down financial sector.

  • Stucks Tumble on Bernanke Warning Tuesday, 15 Jul 2008 | 10:32 AM ET

    Stocks fell sharply after Federal Reserve Chairman Ben Bernanke issued a dour forecast ahead for the US economy, saying more hard times are on their way that will pose a major challenge to policy makers.

  • PPI and Retail Sales Disappoint, Weigh on Markets Tuesday, 15 Jul 2008 | 9:37 AM ET

    With the Dow at levels not seen since July 2006, today's weak economic data is weighing further on the markets.

  • How to Survive the Banking Meltdown Monday, 14 Jul 2008 | 7:20 PM ET

    You thought IndyMac was it? Nope. Here's your how-to for getting through.

  • Stocks Skid as Bailout Fails to Sway Investors Monday, 14 Jul 2008 | 5:35 PM ET

    Stocks finished lower, led by financials, as investors worried that the bailout of Fannie Mae and Freddie Mac might not be enough to prevent further turmoil in financial markets.

  • More US Banks Could Fail After Collapse of IndyMac Sunday, 13 Jul 2008 | 11:26 PM ET

    More U.S. banks may fail after the collapse of mortgage lender IndyMac, further straining the financial system.

  • Fannie, Freddie Rattle Market Friday, 11 Jul 2008 | 6:12 PM ET

    Fearing the two largest U.S. mortgage finance companies need a government bailout, investors pushed stocks lower Friday. What's the "Word On The Street?"

  • Stocks Spend Another Weekend on Bear Turf Friday, 11 Jul 2008 | 5:59 PM ET

    Stocks finished sharply lower Friday as the market was rattled by concerns about the future of the nation's top mortgage-finance agencies.

  • Dow Falls Below 11000 as Fears Rattle Market Friday, 11 Jul 2008 | 2:16 PM ET

    Stocks plunged deeper into the red Friday after Paulson said he sees no bailout on the horizon for Fannie Mae and Freddie Mac. Another $5 surge in oil prices fanned the market flames.

  • Stocks Plunge Deeper After Paulson Remarks Friday, 11 Jul 2008 | 11:33 AM ET

    Stocks plunged deeper into the red Friday after Paulson said he sees no bailout on the horizon for Fannie Mae and Freddie Mac. Another $5 surge in oil prices fanned the market flames.

  • Stocks Plunge Amid Fannie, Freddie Fears Friday, 11 Jul 2008 | 10:13 AM ET

    Stocks plunged at the opening bell Friday as fears about the need for a potential government rescue of troubled mortgage gians Fannie Mae and Freddie Mac rippled through the market.

  • Northrop Grumman

    The House Air and Land Forces Subcommittee is holding a hearing today on how the Air Force Tanker selection process went so wrong. Fifteen minutes into the hearing, they had to adjourn to go vote on other matters. But they'll be back.

  • On Bank of America CEO Ken Lewis' speech on mending the mortgage markets, it turns out Mr. Lewis isn't universally loved.

  • Looming Bank Earnings Fraught with Pain, Uncertainty Thursday, 10 Jul 2008 | 11:40 AM ET

    U.S. banks will unleash a tide of poor quarterly results over the next two weeks, yet investors may choose to focus instead on when a recovery might be at hand and how much more capital raising and dividend cutting will be needed to achieve it.