Merrill Lynch was fined $8 million and will reimburse $24.4 million to customers to settle allegations that it overcharged more than 47,000 customers.
Bank of America and the government have reached an impasse in negotiating a multibillion-dollar settlement related to the bank's mortgage investments.
Bank of America could pay $12 billion to settle probes by the Justice Department and several states into the bank's alleged handling of shoddy mortgages.
JPMorgan Chase, Bank of America, Citigroup and Barclays are are among the large firms struggling with investment banking. Their big problem is with bonds.
CocaCola and PepsiCo, which report earnings this week, struggle to adapt to changing beverage tastes, but Chipotle Mexican Grill is doing just fine.
Bank of America agreed to pay $9.3 billion to settle claims that it sold faulty mortgage bonds, helping the bank to end a legal headache left over from the financial crisis.
The high-quality videos on bettermoneyhabits.com teach viewers about financial subjects ranging from budgeting to understanding credit to home buying.
Bank of America reports an eight-fold jump in fourth-quarter profit, driven by a steep fall in provisions to cover bad loans.
From a parade of bankers' earnings to Pizza Hut rolling out a new crust, here are some of the things that will help shape the week ahead on Wall Street.
The Justice Department is preparing to file civil fraud charges against Citigroup and Bank of America's Merrill Lynch unit over their sale of flawed mortgage securities.
Bank of America has agreed to pay $131.8 million to settle charges that its Merrill Lynch unit misled investors about mortgage securities it structured and sold.
A U.S. judge is considering an alternative that may result in Bank of America paying much less than the government is seeking as a penalty for the sale of defective mortgages.
Bank of America said it settled all claims with Freddie Mac arising from residential mortgages sold to the government-backed housing agency through the end of 2009.
Bank of America has won the dismissal of an unusual lawsuit in which shareholders accused it of concealing a $10 billion fraud case brought by American International Group.
U.S. housing regulators are looking to fine Bank of America more than $6 billion for its role in misleading mortgage agencies during the housing boom, a report says.
It's been nine years since the Dow swapped three of its 30 components at once, and the pundits have plenty to say. But ordinary investors need only remember these facts.
Attorney General Eric Holder is preparing to announce new cases as the Justice Department nears decisions on a number of probes involving large financial firms.
Former Fed Governor Susan Bies saw the perils of subprime mortgages well before the collapse, and now she sits on Bank of America's board. So why haven't you heard of her?
Bank of America may be facing civil charges over mortgage backed securities and other mortgage-related matters.
Bank of America reports its second-quarter profits soared, helped by cost-cutting and strength in investment banking.
Markets grew more edgy in the run-up to Wednesday's testimony from U.S. Federal Reserve Chairman Ben Bernanke.
Six former Bank of America employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied about mortgage payments and documents.