A DOJ official told banks being investigated in connection with mortgage securities sold before the financial crisis to admit misconduct and pay penalties or face lawsuits. ..
The Federal Reserve is "likely" to start raising interest rates gradually early next year and should begin shrinking its massive balance sheet in October to signal i ..
The expenses included a $650 million settlement with American International Group and money it set aside for an expected settlement with the Department of Justice. Bank of Ame ..
The settlement, which would provide $400 million for consumers, is conditioned on the outcome of a pending appeal of a New York federal judge's ruling last year that Appl ..
Google has the potential to hit a trillion-dollar market cap in the next 10 years, according to one technology investing leader. ..
As another earnings season nears, investors in the nation's restaurant chains are hoping for a better showing than what they got in the first three months of the year. ..
Big banks like Citi, Goldman and Bank of America are lagging the broader market, and veteran investor Gary Shilling says that may be the new normal. ..
Rupert Murdoch wants HBO so badly, he's willing to buy all of Time Warner Inc. to get it. ..
Bank of America said Wednesday that its second-quarter earnings were hit by higher litigation expenses. The Charlotte, N.C.-based bank earned $2 billion in the second quarter ..
The bank met U.S. Justice Department representatives on Tuesday, but no progress was made toward a final deal, the paper reported. Bank of America had previously offered about ..