Bank of America has agreed to pay $131.8 million to settle charges that it misled investors about mortgage securities.» Read More
British banks that fail to guard their day-to-day banking from risky investment activities will face being dismantled, finance minister George Osborne is set to say later on Monday.
Former customers of Jon Corzine's collapsed brokerage MF Global would recover most, and probably all, of their money under the latest projections by the trustee liquidating its bankrupt parent company.
BAC experienced widespread outages Friday on its website and mobile banking apps due to an internal technical malfunction, according to a person familiar with the situation.
As the Dow above 14,000 Friday, Steven Weiss still liked one trade.
Pfizer's animal health subsidiary Zoetis raised $2.2 billion in its public offering on Thursday, becoming the largest IPO from a U.S. company since Facebook.
Dell is nearing an agreement to sell itself to a buyout consortium led by its founder and Chief Executive Michael Dell and private equity firm Silver Lake Partners.
Some of banking's best-known names are still trading at very attractive valuations to book value and earnings estimates, TheStreet.com says.
Banking analyst Dick Bove may have changed firms but he hasn't altered his rosy view of the banking industry.
A bankruptcy court will soon review a proposal that would return 93 percent of MF Global's missing money, and another proposal could plug the remaining shortfall for U.S. customers, sources said. The NYT reports.
There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. Some of the firm's own traders bet against the very derivatives positions placed by its chief investment office, said three people familiar with the matter.
Wall Street closed mixed on Monday, as stocks struggled to extend the January rally for another session. Apple led tech stocks higher with a 2 percent rebound while Caterpillar gave support to blue chips following its earnings report.
U.S. Bancorp and JPMorgan have been unfairly punished, analysts say.
Some of the names on the move ahead of the open.
Bank probes find manipulation in Singapore's offshore FX market - source Internal reviews by banks in Singapore have found evidence that traders colluded to manipulate rates in the offshore foreign exchange market, according to a source with knowledge of the inquiries.
Stocks closed higher Friday, with the S&P 500 ending above 1,500 and logging its longest winning streak since November 2004, boosted by a batch of upbeat earnings. All three major averages turned in their fourth-consecutive weekly gain.
The U.S. economic environment is "very good" and the stock market's rally to multi-year highs has more room to go, Goldman Sachs Chairman and CEO Lloyd Blankfein said on CNBC.
A federation of U.S. labor unions is looking to force JPMorgan Chase's board to consider breaking up the company after the disastrous "London Whale" affair, but the bank is trying to ensure that its shareholders do not get to vote on the union's proposal.
Davos is an opportunity for the rich and powerful to schmooze in the Swiss resort town of Davos. And it's an opportunity for the media covering them to...well, work a lot of hours and schmooze a bit, too.
One Oppenheimer analyst has "outperform" ratings on four bank stocks and says his price targets generally assume "that the banks trade at their historical average of 70 percent of the market multiple." TheStreet.com reports.
Bank of America's CEO Brian Moynihan is expecting to see companies and investors become more aggressive with their cash as uncertainty fades.