There are probably billions of dollars in seemingly obsolete foreign currency in the U.S. just waiting to be found and converted into cold hard cash.
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.
Will the conservatives in Congress who hate the Consumer Financial Protection Bureau manage to prevent it from protecting U.S. consumers? They'll sure try.
Mortgage servicers are agreeing to ease terms of borrowers' underwater loans, but some are demanding that homeowners promise not to insult them publicly.
The housing crisis ended several years ago, but millions of Americans are still stuck in homes they can't unload.
Credit Suisse's guilty plea in a high-profile case is being held out as a warning to foreign banks believed to be helping U.S. taxpayers conceal assets.
Thanks to the federal government and its policies of continual quantitative easing, the average American is $2,414.46 poorer than he or she should be.
JPMorgan Chase, Bank of America, Citigroup and Barclays are are among the large firms struggling with investment banking. Their big problem is with bonds.
New York state's banking regulator is seeking hundreds of millions of dollars from Credit Suisse in its probe of tax evasion involving the Swiss bank.
BNP Paribas and Credit Suisse Group have appealed to U.S. authorities to allow their local subsidiaries to plead guilty to criminal charges they face.
Americans with a 4-year college degree will end up earning $800,000 more during their lifetimes than those with only a high school degree, a report shows.
Goldman Sachs reports an 11 percent drop in quarterly profit, but both earnings and revenue beat market estimates.
CocaCola and PepsiCo, which report earnings this week, struggle to adapt to changing beverage tastes, but Chipotle Mexican Grill is doing just fine.
Important quarterly earnings reports are expected from the nation's largest banks, a colorful auto insurer and a retailer that five years ago traded as a penny stock.
Bank of America has invented a checking account with a one-fee-fits-all arrangement that stops high overdraft fees. Not every customer will benefit, though.
A new U.S. Chamber of Commerce study shows that shareholders make only pennies on the dollar when suing companies over stock losses. The only real winners are the lawyers.
Tech startups like Estimize and Robinhood are set to disrupt the financial services industry, with an eye to conquering Wall Street.
We all know that college can be amazingly expensive, leaving many students with huge debt, but a new report shows which colleges offer the best return on your investment.
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 IRS is warning that scammers have targeted thousands of Americans, and walked away with more than a million dollars of taxpayer money.