(Reuters) - Bank of America Corp is planning to cut 16,000 jobs by year end as it speeds up a company-wide cost-cutting initiative amid declining reve...
By Matthew Goldstein and Jennifer Ablan NEW YORK, July 16 (Reuters) - In a matter of days, the two-month-old criminal investigation in...
* FERC files to force JPMorgan to produce emails * Regulator stepping up enforcement in energy market By Scott DiSavino and David Sheppa...
The largest bank in the country is pulling out of the student loan market. JPMorgan Chase will stop extending student loans to customers without an...
April 4 (Reuters) - A U.S. regulator is set to penalize JPMorgan for actions linked to the demise of investment bank Lehman Brothers at the height o...
WASHINGTON -- Federal regulators have charged three executives of what was once the nation's second-largest mortgage company with civil accounting fra...
Wall Street, which should be the heart of American capitalism, has instead become the heart of a dysfunctional system that is destroying the nation's wealth.
As Wall Street traders cheered positive jobs data on Thursday, they seemed to ignore layoffs and bonus cuts on their own trading floors that will ...
A law firm that led mortgage bondholders to extract a $8.5 billion settlement from Bank of America Corp is turning its sights on JPMorgan Chase & ...
NEW YORK -- One day after it was among five major banks sued by Massachusetts over deceptive foreclosure practices, GMAC Mortgage said Friday that it ...
A U.S. regulator ordered JPMorgan Chase & Co to pay $3.62 million in fines and reimbursement for recommending investments linked to junk bonds to ...
DES MOINES, Iowa -- Wells Fargo & Co. said Tuesday it has agreed to pay at least $37 million in a lawsuit which alleges several banks rigged bidding c...
(Rick Rothacker) - Bank of America Corp, after receiving heavy public criticism for a planned $5 per-month debit card fee, is likely to give custo...
NEW YORK -- Higher bank fees are here to stay. The latest third-quarter earnings reports from this week confirm that banks are struggling to make mon...
(Rick Rothacker) - Bank of America is set to lose nearly all the mortgage market share it gained by buying Countrywide Financial Corp in 2008, in ...
LOS ANGELES — The U.S. regulator of credit unions on Tuesday sued Goldman Sachs & Co. for more than $491 million in damages over losses incurred...
NEW YORK (AP) -- Shares of Dunkin' Donuts parent company are set to start trading Wednesday morning after pricing at $19 per share, more than the $16 ...
NEW YORK (Lauren Tara LaCapra and Knut Engelmann) - Goldman Sachs' anemic second-quarter results on Tuesday rattled investors and cast a pall on i...
Major U.S. banks appear to be finally opening the lending spigot. Second-quarter earnings reports due this month are likely to reveal a slight ...
NEW YORK (Knut Engelmann) - Traditionally fat expense accounts on Wall Street are about to get slashed as major banks set out to cut spending and ...
WASHINGTON (Sarah N. Lynch) - A divided Securities and Exchange Commission approved a new program that would compensate whistleblowers whose tips ...
Millions of Americans have more money to spend since they fell delinquent on their mortgages amid the worst housing collapse since the Great Depressio...
NEW YORK (Chuck Mikolajczak) - Investors will look to corporate profits and outlooks this week for confirmation the S&P 500 has another leg to its...
WASHINGTON (Reuters) - U.S. securities regulators issued a proposal on Wednesday to curb bonuses at brokerage and investment advisory firms over the...
In New York, the oldest and snobbiest financial ventures are called "white shoe" firms. Their arrogance, risky investments and confounding dealing in derivatives threw the rest of us into the Great Recession.
