CEO Brian Moynihan said the bank faces up to an additional $9 billion in costs related to the financial crisis and mortgages beyond its reserves.» Read More
The billionaire deal maker Ronald O. Perelman loves to litigate, and one of his companies recently filed a little-noticed lawsuit accusing Michael R. Milken of fraud.
Smokers trying to get coverage next year under President Obama's health law may get a break from tobacco-use penalties that could have made their premiums unaffordable.
Analysts are expecting a dismal second-quarter earnings season but Alcoa, first out of the gate, beat on both earnings and revenue.
U.S. consumer credit increased in May by the most in a year, a sign low borrowing costs were boosting economic growth although interest rates have since risen.
The FDIC on Tuesday will propose a leverage rule requiring big banks to have common equity equal to at least 5 percent of their assets, sources tell CNBC.
The New York Attorney General is looking beyond Thomson Reuters at other early data releases to Wall Street, CNBC has learned.
The FDIC's stricter leverage rules will be announced on Tuesday, reports CNBC's Kate Kelly. The FDIC is expected to raise the key leverage ratio for banks to 5 percent from 3 percent.
Just as America's homeowners were finally coming up for air, they are suddenly turning more negative on the housing market, according to a new survey from Fannie Mae.
Apple has cut iPhone orders for the second half of this year, according to analyst Brian Blair at Wedge Partners.
The level of underemployed workers looks bad on its face but even worse when it's not the government doing the counting.
Individual investors showed no fear during the June stock market pullback, aggressively buying the dip and getting even more bullish by the end of the month than they were before it started. Do they know something the pros don't?
ISS Proxy Advisory Services is recommending that Dell shareholders approve the offer by CEO Michael Dell and Silver Lake Partners to take the company private.
The Federal Reserve should begin its move away from easy money now in order to strengthen a "tepid recovery," the head of a heavy machinery making company tells CNBC.
The renowned buy and hold investor stressed buying and selling on news is not good strategy. "Everyone thinks they are advantaged by trading on news. They are not."
The government will be ready to open new online insurance exchanges, a provision of the president's health-care law, by Oct. 1, U.S. Chief Technology Officer Todd Park told CNBC.
The Obama administration will roll back requirements for state insurance marketplaces to verify the income and health coverage status of people who apply for coverage.
Saying he hopes voters are ready to move on, Eliot Spitzer is re-entering politics to run for New York City comptroller, five years after resigning as governor in a prostitution scandal.
A rise in 10-year Treasury yields above 2.7 percent on Friday is just the start of a long-term upward trend, Goldman Sachs said on Sunday.
Thomson Reuters said it would suspend its early provision of the widely watched Thomson Reuters/University of Michigan consumer sentiment data at the request of the New York Attorney General.
A large hedge fund that invested in shares of Fannie Mae and Freddie Mac plans to sue the U.S. Treasury Secretary and the head of the Federal Housing Finance Agency.
The search giant's voice-activated search service, Google Now, is now just as good as Apple's Siri.
President Barack Obama shook hands with Cuban President Raul Castro Tuesday at a memorial service for Nelson Mandela.
China’s yuan hit a fresh record high on Tuesday and unprecedented demand has made it stand out as one of the world’s most attractive currencies, analysts say.
CNBC's Kate Kelly reports how the tougher rules under the Volcker Rule are impacting banks.
CNBC.com Managing Editor Allen Wastler reports the economy, threats to Obamacare and mortgages are the hottest topics for viewers on CNBC.com.
CBS CEO Leslie Moonves says "it's a good year for broadcast television." He discusses the growth in advertising and sports programming fees.