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With the majority of the banking industry by assets having reported third quarter results, FBR Capital Markets believes that some of the dire scenarios discussed may have hit bank valuations harder than underlying fundamentals indicate.

The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.

A federal judge rejected American International Group Inc's request to move its $10 billion mortgage fraud lawsuit against Bank of America Corp back to a New York state court, where AIG believed the case belonged.

Are banks beyond repair? The largest U.S. financial companies did little to answer that question, delivering a mixed bag of quarterly results.

Occupy Wall Street has camped out at Zucotti Park in Lower Manhattan for weeks, but it probably isn't reaching as many bankers as it could. Which could have something to do with the fact that finance is no longer the area's biggest tenant.

The California state attorney general's office subpoenaed Bank of America Corp this week regarding the sale and marketing of troubled mortgage-backed securities to investors in the state, the Los Angeles Times reported.

The California attorney general's office subpoenaed Bank of America Corp this week about the sale and marketing of troubled mortgage-backed securities to investors in the state, the Los Angeles Times reported.

Unconventional times require unconventional measures. It is time for the American people to start a public, federal bank?

U.S. Sen. Dick Durbin, D-Ill, the No. 2 Democrat in the Senate, said banks' reasoning for imposing consumer debit card fees was "disingenuous."

Under the proposed terms of the settlement -- which could total $25 billion -- banks would get a broader relief from potential state civil lawsuits in exchange for refinancing underwater loans, those mortgages where borrowers owe more than their homes are worth, sources said.

European stock index futures jumped on Wednesday, tracking a rise in Asian shares, but a cut to Spain's sovereign credit rating from Moody's Investors Service kept investors' risk appetite in check.

U.S. stocks resumed their rally after hopes of a big bailout for the Eurozone were rekindled.

Goldman Sachs Group Inc's bonuses are set to drop at least 20 percent this year and experts warn plunging revenue could push pay for the year even lower.

U.S. stocks soared on upbeat earnings from big banks and a report that Germany and France will endorse a gigantic bailout package for the Eurozone.

U.S. stocks extended their gains on news that German and French leaders agreed to expand the powers of the European Financial Stability Facility (EFSF) to two trillion euros.

U.S. stocks have climbed to positive territory on Tuesday in a volatile session.

U.S. stock indices turned positive on Tuesday on the back of strong performance from financials. Macroeconomic news was mixed.

Gold was set for its largest one-day fall in two weeks on Tuesday after U.S. bank Goldman Sachs reported a quarterly loss, which coupled with evidence of slowing Chinese growth and mounting Eurozone concerns, lifted the dollar.

Volatile markets and souring mortgages slashed earnings by nearly a third at Bank of America's wealth management businesses during the third quarter.

BofA Merrill Lynch raised its price target on shares of IBM following the company's third-quarter beat, and said it expected the blue chip to cut costs further, given the slowdown in IT spending.

Bank of America Corp, the largest U.S. bank by assets, reported a $5.9 billion third-quarter profit after selling shares of China Construction Bank and recording two accounting gains.

Goldman Sachs reported a third quarter loss of $393 million on Tuesday, marking only the second time the investment bank has had an unprofitable quarter since going public in 1999.

Bank of America Corp asked a judge to disqualify the law firm representing AIG in the insurance company's $10 billion mortgage-fraud lawsuit against the bank, alleging a conflict of interest by one of the firm's partners.

otal revenues jumped by about 6.6 percent from $26.9 billion to $28.7 billion.

Bank of America Corp posted a third-quarter profit on Tuesday, helped by accounting gains and asset sales, but the bank's main businesses showed signs of weakness as lending profits dropped and expenses rose.

China's economic expansion slowed in the third quarter to its weakest pace in more than two years as euro-debt strains and a sluggish U.S. economy took a toll, but healthy domestic drivers suggest little room to relax monetary policy near term.

S&P 500 stock index futures eased modestly on Tuesday after a Moody's warning on France's credit rating and a slowdown in China's growth revived concerns over a worsening debt crisis in Europe and a hard landing for Asian economies.

U.S. stock futures point to lower opening on Tuesday after new data showed that Chinese economy has expanded at a slower rate in the third quarter and quarterly results from IBM failed to impress investors.

China's economic expansion slowed in the third quarter to its weakest pace in more than two years as euro-debt strains and a sluggish U.S. economy took a toll, but healthy domestic drivers suggest little room to relax monetary policy near term.