Banking News

By Aruna Viswanatha, Karen Freifeld and Peter Rudegeair - The U.S. Department of Justice is asking Bank of America Corp to pay more than $13 billion to settle allegations the bank overstated the quality of mortgage bonds it sold during the housing bubble, according to Bloomberg News .

Therefore, in this article, I will look into two companies in the banking industry that have seen insiders buy their stock over the past couple of days.

Following Dell Inc.'s lead of going private may be HTC Corp.'s best shot at rebuilding itself into one of the top smartphone makers.

As more Canadians turn to online shopping, courier operator FedEx hopes an agreement to open shipping centres at Home Hardware Stores Ltd. will help it grab a larger piece of the growing e-commerce market.

European Central Bank head Mario Draghi says the bank's rate-setting council should publish a written account of its deliberations - without names.

Chobani said on Wednesday it has received a $750 million investment from private equity firm TPG, in a move that will spare the Greek yogurt company from a serious cash crunch, according to several people familiar with the matter.

Australian mining companies are prolonging a supply glut that's driven coal prices to a four- year low because of freight contracts that make it cheaper to ship at a loss than to cut output.

A feel-good Twitter request by the New York Police Department asking for pictures of people posing with officers quickly turned ugly when hundreds instead posted shots of baton-wielding cops battling protesters and taking down suspects.

In this Thursday, April 10, 2014 photo, Dominion Resources Inc. nuclear power station plant manager, Roy Simmons talks about his participation in a wellness program at the plant in Surry, Va.

Major Crimes detectives have charged a Port Charlotte 17-year-old with armed robbery after an incident that occurred at a bank drive-thru Tuesday evening.

The July 5, 2012 file photo shows a sunflower sitting in front of the Euro sculpture in Frankfurt, Germany.

Lower than expected inflation will allow the Reserve Bank of Australia to keep the cash rate at a record low 2.5 per cent.

Asked at an annual meeting of shareholders whether Citigroup is too big to manage, Chairman Mike O'Neill said the task "is certainly harder" for its size and that the company has more years of work in a drive to reduce risk and complexity that started when the company was bailed out in the financial crisis.

Regional bank Trustmark Corp. says profit in 2013's fourth quarter rose 17 percent from the same three months of 2013, aided by gains from an earlier merger.

This combination of photos provided by the Federal Bureau of Investigation shows William James Vahey in 2013, left, and 2004.

Former Deutsche Bank AG salesman Shigeru Echigo admitted to bribery charges in Tokyo and said he acted on instructions from his managers, as authorities push brokerages to be more judicious in entertaining clients.

While the talks between Pfizer, the world's biggest drugmaker, and $87 billion AstraZeneca have fizzled, an analyst at Citigroup Inc. expects Pfizer to approach the company again, or AstraZeneca could opt to merge with another peer such as Amgen Inc. as a defense tactic.

All of t... )--Equity LifeStyle Properties, Inc. today announced results for the quarter ended March 31, 2014.

NewBridge Bank, headquartered in Greensboro, will reduce 5 percent of its work force as it realigns its branch banking model.

Northwest Bancshares, among the largest financial institutions serving Pittsburgh, Monday announced first quarter 2014 profits of $14.6 million, or 16 cents per share, down from $15.3 million, or 17 cents per share, a year ago.