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
Wall Street regulations crafted after the financial crisis were written quickly during turbulent times and need to be changed, the head of the U.S. Chamber of Commerce told CNBC.
The 2013 Atlantic hurricane season will be "above average" with 18 tropical storms, nine of which will intensify into hurricanes, forecasters at Colorado State University predicted on Wednesday.
Ron Johnson's plush taste, against-the-grain ideas and controversial partnership deals all played a hand in his downfall at JC Penney after 17 months. The NYT reports.
Federal Reserve policy makers worried about increased risks due to the central bank's aggressive monetary stimulus, though most view those dangers as "manageable" for now.
It is too soon for the Federal Reserve to consider tapering or halting its asset purchases, Atlanta Fed President Dennis Lockhart said on Wednesday.
Websites for five U.S. banks have been struck in the last month, with 13 targeted. With the rising threat of a hack, is your money safe?
Cosmetics tycoon Leonard Lauder has promised New York's Metropolitan Museum of Art his long-sought collection of Picassos and other works.
The Senate Banking Committee is set to hold a hearing on Thursday to examine whether regulators inappropriately "outsource" oversight to consultants that are paid billions of dollars by the banks. The NY Times reports.
Family Dollar Stores reported a weaker-than-expected quarterly profit, blaming a delay in tax refunds for hurting sales at the end of January and early February.
Mortgage applications rose last week, driven by improved refinance demand as interest rates tumbled, an industry group said on Wednesday.
President Barack Obama on Wednesday will issue ideas to raise $580 billion in new tax revenues, including a minimum tax on the wealthy and putting an end to some corporate tax breaks.
A revolution has started as consumers use technology to carry out everyday banking tasks. America's banks are reconsidering the future of the branch.
In a blow to one of the world's largest accounting firms, KPMG said it resigned as auditor of two U.S. corporations amid an FBI investigation into insider trading allegations.
The world's biggest bond fund manager Bill Gross has had a change of heart on Treasurys, raising allocations to U.S.government bonds.
A former KPMG senior audit partner who quit after admitting to passing on inside information about corporate clients Herbalife and Skechers USA was identified by the golf partner he had been tipping, the auditor's lawyer said.
Adobe Systems (ADBE) due to announce the launch of Adobe Primetime, a package of tools to transform the way companies distribute TV over the web.
First Solar shares soared more than 33 percent on Tuesday after the company forecast 2013 earnings and revenue well above Wall Street estimates.
As first-quarter earnings season kicks off, negative company warnings have outpaced positive revisions nearly five-to-one.
Claims that reform would boost the economy are challenged by those who say costs in job losses and spending on social programs would be too high a price.
It sounds like something out of science fiction, but someday you may be able to access accounts with brainwaves.
Apple and Sam Sung have parted ways. CNBC has learned that Sam Sung hasn’t worked at the giant tech company for months.
The Chinese pianist Lang Lang learned to love classical music from Tom and Jerry.
The search giant's voice-activated search service, Google Now, is now just as good as Apple's Siri.
Former Federal Reserve chairman Alan Greenspan, and John Taylor, former U.S Treasury Undersecretary, debate short and long-term rates under Greenspan's Fed. There was a high correlation between short and long-term rates before 2003, defends Greenspan.
Former Federal Reserve chairman Alan Greenspan, and John Taylor, former U.S Treasury Undersecretary, debate what is to blame for the housing bubble. Taylor says monetary impulse is a big factor.
Steve McMahon, Democratic Strategist; and Robert Traynham, former Bush-Cheney Senior Advisor, discuss possible splits in Congress the new budget deal may cause.