Banking News

A U.S. judge wrestled on Thursday with a U.S. Justice Department request that Bank of America Corp pay $2.1 billion in penalties after being found liable for fraud over defective mortgages sold by its Countrywide unit.

As a filmmaker and activist based in San Francisco, I am suing Wells Fargo Bank, which assumed the predatory loan on my family home that traveled a slippery slope from Countrywide to World Savings Bank to Wachovia, all of which went out of business due to dubious, immoral and illegal activity.

Three nominees for the Federal Reserve's board expressed their support Thursday for the Fed's efforts to bolster the U.S. economy.

Deutsche Bank said om Thursday it has had a "slow" start to the year in its investment bank, due to market uncertainty related to the crisis in Ukraine and concerns about economic growth in China and Germany.

Wells Fargo certainly has made the most of the recovery in housing over the past five years, reaching record levels of earnings for the last 11 quarters.

Citigroup CEO Michael Corbat was paid a total of $17.6 million last year, his first full year on the job.

The combined profits of Goldman Sachs, JPMorgan Chase and other banks and brokers fell by 30% and revenues across the industry were flat.

Data suggest that northeast Indiana is in a "quiet growth phase in which businesses are not likely to announce minor hiring or reduction efforts," local officials announced today.

NRG Energy Inc's said its retail electric U.S. customer base will grow by 30 percent with Tuesday's agreement to acquire the retail power business of Dominion Resources Inc for an undisclosed amount.

King Digital Entertainment, maker of the Candy Crush Saga mobile game, today set terms for an initial public offering that could value the company at more than $7 billion.

Bank of America Corp on Tuesday named Rodrigo Xavier as the top executive for its wholesale and investment banking unit in Brazil, where the second-largest U.S. lender has enjoyed fast growth in recent years.

Yet another recession-triggered split in the consumer sector is becoming more evident: Higher job security among those with a job versus dwindling hope for the long-run unemployed.

Top Citigroup Inc executives Manuel Medina-Mora and Brian Leach are taking the lead on an internal probe into alleged fraud at the U.S. bank's Mexican unit Banamex, the Wall Street Journal reported, citing people familiar with the matter.

Ballard Power Systems Inc. . Industrial products. Down $1.98, or 25.95 per cent, to $5.65 on 9.9 million shares.

Some recent reports from BMO, RBC and tax expert H&R Block indicate that more Canadians are holding RRSPs and Tax Free Savings Accounts , are contributing more to them and would prefer to tuck money away for retirement than reduce current debt levels.

A screenshot from "Wells Fargo Stories" shows a video about a small-business owner who found assistance at Wells Fargo.

Steven Schoenfeld staked his career on a single belief in 2010: there was latent demand in the U.S. Jewish community to invest in Israeli stocks.

Therese Esperdy, a 17-year JPMorgan Chase & Co. veteran, suffered what she called "initial shock" in her first few weeks in Asia after three people told her some clients don't want to pay merger-advisory fees.

Capacity, measured in ASKs --WGL Holdings, Inc. , through its subsidiary, Washington Gas Energy Systems , announced a 2.6 megawatt Bloom Energy project in Santa Clara C... )--Fitch Ratings has affirmed the 'BBB-' rating on the North Tarrant Express Mobility Partners, LLC's approximately $400 million senior lien revenue bonds issued by ...

Euro zone governments edged closer on Monday towards a deal on how to wind down failing banks, but reached no conclusions and more negotiations will take place on Tuesday to address demands of the European Parliament.