Court: U.S. Can Pursue Case Against BofA Over Mortgages
A federal judge rules that the U.S. can pursue parts of a civil lawsuit against Bank of America for its sale of toxic mortgages to Fannie Mae and Freddie Mac.
Bank of America
S&P 500 Inches Up for New Record as Stocks Mostly Hold Steady
Bank of America led a rally in big-bank stocks in mostly quiet trading on Monday. Stock indexes ended little changed, though the S&P 500 rose 3 points and set another record.
BofA, MBIA Reach Settlement in Mortgage Dispute
Bank of America agrees to pay MBIA $1.6 billion to settle a dispute over soured mortgage securities issued during the U.S. housing boom.
Bank of America to Pay $500M to Settle Investor Lawsuit
Bank of America says it will pay $500 million to settle a class-action lawsuit involving investors who say they were misled in their purchase of mortgage-backed investments.
Bank of America's Quarterly Profit Soars as Revenues Sink
Bank of America's profit soared in the first quarter, helped by mortgages and wealth management, but revenue fell and profits missed expectations.
Banks Rethink the Branch, But Will Customers Respond?
Some banking execs say brick-and-mortar branches remain the best way to gain and serve customers, despite technological inroads that have left the corner bank a seeming relic.
The Check's In the Mail for Some Foreclosed Homeowners
The nation's largest banks will begin sending payments this week to millions of Americans who may have been wrongfully foreclosed on during the housing crisis.
Bank of America Puts Human Tellers Inside ATMs
Bank of America will start rolling out a new generation of ATMs that allow customers to have a live video chat with a remote teller.
Short Sale Stocks: The 5 Companies Bears Love to Hate
The market has hit new highs, but plenty of bears think prices will soon fall. Here are the 5 stocks with the biggest short positions, and why traders have bet against them.
4 Tips to Avoid the Payday-Loan Trap
This week JPMorgan Chase announced protections against payday lenders. But big banks can't stop the cycle of devastation payday loans can cause. Only you can, and here's how.
JPMorgan Chase Plans to Limit Payday Lenders' Fees
The nation's second-largest bank says it will take steps to protect its customers from fees and other charges that payday lenders may slap on them.
The Big Companies Paying the Most in Taxes -- and the Least
The federal corporate tax rate is 35% but that's not what most big companies pay, and the disparities can be huge: Some pay billions, while others pay nothing.
Dow Closes at Another High, Eyes Turn to U.S. Payrolls
U.S. stocks closed modestly higher on Thursday, with the Dow ending at a record for a third straight day as jobless claims data pointed to a pick-up in the labor market's recovery a day before the closely watched payrolls report.
U.S. Stocks Edge Up Following Dow's Record Day
Stock futures are rising ahead of new jobs and manufacturing data expected to show that companies continue to bring more workers on board and businesses are ramping up factory orders to meet demand.