Civil War is breaking out on the board of directors of Bank of America over the selection of a successor to CEO Ken Lewis, people close to the company say.

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp's <BAC.N> CEO search could last until Thanksgiving, the New York Post reported on Friday.

CHARLOTTE, North Carolina (Reuters) - Bank of New York Mellon Corp <BK.N> CEO Bob Kelly told the bank's senior managers he is not interested in the top job at Bank of America Corp <BAC.N>, defusing speculation that he would leave his current post.

Two banks which have repaid their bailout funds said Monday they no longer need to take advantage of a special program that offers government insurance on certain deposits, like checking account funds, over $250,000.

BNY Mellon Asset Management on Monday said it bought a 20 percent stake in private equity firm Siguler Guff & Co.

A U.S. appeals panel had tough questions on Monday for the receiver in Allen Stanford's civil fraud case, who is suing to recover proceeds from several hundred investors in the firm's offshore bank.

NEW YORK (Reuters) - Bank of New York Mellon Corp <BK.N> Chief Executive Robert Kelly was recently approached about taking the CEO job at Bank of America Corp <BAC.N>, but he has shown no interest in the job, The Wall Street Journal reported.

Recently released, the Global Financial Centres Index, which was created by the Z/Yen Group for the city of London, ranks 75 major financial centers in terms of their competitiveness on a global scale. Important factors to gauge a center's competitiveness include people, business environment, infrastructure, market access and general competitiveness, which includes measures such as occupancy costs, tax information and exchange agreements, for a total of 64 instrumental factors.

The global banking industry is a diverse landscape of financial services — consumer, corporate, investment — but with so many players in the marketplace, which are the best in each segment?

Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid, the New York Times reports.

In a global economy that has been plagued by troubles in the world’s financial systems, the words “safe” and “bank” are rarely put together. The shakeup of banking systems around the world raises the question: "Which banks are the safe banks?" This year's rankings are being published first on CNBC.com.

The Dow and S&P snapped their winning streaks Wednesday as disappointing earnings from two of Wall Street's biggest names overshadowed another round of earnings beats.

Stocks wobbled Wednesday as a slew of earnings beats, including one from Pfizer, were encouraging but disappointing reports from two of Wall Street's biggest names dragged on the market.

Stocks wobbled Wednesday as a slew of earnings beats, including one from Pfizer, were encouraging but disappointing reports from two of Wall Street's biggest names dragged on the market.

Futures indicated a lower open for Wall Street Wednesday as cautious words from Federal Reserve Chairman Ben Bernanke and Yahoo's missing revenue expectations lent to investors taking profits.