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China's factory sector is likely to slow slightly for a second consecutive month in August as sluggish overseas demand saps new orders, HSBC's China Flash PMI indicated Tuesday.

Bank of America Corp (BAC.N) shares fell nearly 8 percent on Monday, reaching their lowest level since March 2009, as investors fretted the bank may need to raise some $50 billion of capital and worried about potential additional mortgage lawsuit payouts.

South Korea's sovereign wealth fund said it had reinvested $78 million, around half the dividend it received from its $2 billion investment in Bank of America , back in the U.S. bank's shares this year.

World stocks eked out a gain on Monday, stabilizing after the previous four weeks of sharp losses, while Brent crude prices slipped on prospects Libya's civil war will soon end.

A New York state judge granted the request of dozens of investors including pension funds, insurers and several Federal Home Loan Banks to intervene in Bank of America Corp's proposed $8.5 billion settlement with investors who lost money on mortgage-backed securities.

China shares in Shanghai and Hong Kong fell on Monday as investors hammered companies reporting weak or forecast-meeting results, while a late jump in HSBC helped the Hang Seng index offset some of those losses and end higher.

Bank of America Corp shares fell as much as 6.6 percent on Monday, reaching their lowest level in two weeks, as investors fretted about the bank facing additional legal liabilities over mortgages.

Bank of America Corp shares fell as much as 6.6 percent on Monday, reaching their lowest level in two weeks, as investors fretted about the bank facing additional legal liabilities over mortgages.

Here are the top ten things the bank’s chief executive, Brian Moynihan, should have said about the massive job cuts he is proposing.

The U.S. Federal Reserve lent private banks about $1.2 trillion from 2007-2009 in order to maintain credit market liquidity, bank function, and prevent the U.S. economy from plunging in to a depression.

In early summer, before layoffs began sweeping across Wall Street, billboard-sized photos of employees were plastered on the walls, pillars and elevator banks of Credit Suisse Group AG's offices in the United States and abroad.

The company has about 15,000 employees in the Charlotte area.

Pastor Zachery Tims' funeral arrangements are set for Saturday 11 a.m., at First Baptist church of Orlando, but the ceremony will be held privately and will not stream live online.

Large banks in the U.S. and Europe are undergoing a massive and painful re-organization in order to confront the gloomy new realities of the global economic landscape.

Bank of America Corp plans to cut 3,500 jobs in the next few weeks as CEO Brian Moynihan tries to come to grips with the bank's $1 trillion pile of problem home mortgages.

These banking institutions plan to let go tens of thousands of people around the world, the victims of a merciless economic climate and a brutal refiguring of the global banking industry.

Here are some of the largest global banks that are planning significant job cuts.

Mourners from around the world will pay their last respects this weekend to Dr. Zachery Tims, Jr., the founder and senior pastor of one of Florida's most largest churches.

Bank of America (NYSE: BAC) said it plans cut an additional 3,500 jobs – on top of the 2,500 already announced year-to-date.

Mounting concern the U.S. economy may slip back into recession hobbled stock index futures on Friday, a day after the S&P 500 lost 4.5 percent.

Mounting concern the U.S. economy may slip back into recession hobbled stock index futures on Friday, a day after the S&P 500 lost 4.5 percent.

Bank of America is cutting 3,500 jobs this quarter and working on a restructuring that could eliminate thousands of additional positions, the Wall Street Journal reported, adding to a slew of layoff by major banks.

The U.S. stock market had a mini-meltdown on Thursday as fears about a second recession in the United States and Europe rattled investors.

Bank of America is cutting 3,500 jobs in the current quarter and working on a broader restructuring that could eliminate thousands of additional positions, the Wall Street Journal reported, citing people familiar with the situation.

A public memorial and funeral was schedule to be held this week after the body of mega-church pastor Zachery Tims Jr. was found in a hotel in New York, but family members have revised the plans.

Barclays fired one of its star commodities traders yesterday, marking what could be the end of an era.

Gold close at a fresh high Thursday as investors sought safety from fresh evidence that the U.S. economy is struggling and not-so fresh evidence that Europe's debt problems are far from over.

Here are five of the most important reasons that are pressuring U.S. stocks on Thursday.

Stocks tumbled in New York after the opening bell this morning, prompting fears that America is heading into another deep economic recession.