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Rebalancing will also mean moving focus from the financial sector.

Home foreclosures in the U.S. in October fell by 9 percent primarily because some major banks temporarily froze foreclosure proceedings and delayed sales of foreclosed properties nationwide after being criticized for shoddy paperwork, according to real estate data company RealtyTrac.

Copper hit record highs in London and jumped to a 30-month high in New York on Thursday as strong Chinese data suggested higher demand for the metal by the world's biggest consumer.

Bank of America Corp said on Tuesday the pace of its mortgage modifications under the government's primary aid program to forestall foreclosures continued to slow in August.

For big U.S. banks, Basel III will likely have limited impact in the short-term because of its generous phase-in timeline

A federal judge approved the creation of a $150 million fund for Bank of America Corp shareholders as part of a settlement with the Securities and Exchange Commission over the bank's 2009 acquisition of Merrill Lynch.

A New York federal judge has approved the creation of a $150 million settlement fund for Bank of America Corp shareholders, as part of a larger settlement with the Securities and Exchange Commission over the bank's 2009 purchase of Merrill Lynch, the regulator said on Wednesday.

A Manhattan federal judge refused to dismiss shareholder lawsuits against Bank of America Corp and various executives and directors over the purchase of Merrill Lynch & Co during the 2008 financial crisis and disclosures about Merrill's losses and bonus payouts.

Fewer Americans fell behind on their credit card payments than expected in July, as consumers coped better with their debt, but the drop in delinquencies to their lowest levels so far this year doesn't suggest a recovery in spending, analysts said.

Fewer Americans fell behind on their credit card payments in July, major credit card lenders said, bringing delinquencies to their lowest levels so far this year.

General Motors Co has added Bank of America Merrill Lynch and Citigroup Inc to the slate of its lead underwriters for its initial public offering

Bank of America Corp is considering whether to reduce its stake in asset manager BlackRock Inc , which is viewed as a non-core asset, a source familiar with the situation said on Sunday.

Bank of America Corp is weighing a possible reduction in its holdings of BlackRock Inc, the Wall Street Journal reported on Sunday, citing people familiar with the situation.

Bank of America Corp projects that its losses from pending litigation could be as high as $1.4 billion, the company disclosed in its second-quarter report filed Friday with securities regulators.

Bank of America Corp projects that its losses from pending litigation could be as high as $1.4 billion, the company disclosed in its second-quarter report filed Friday with securities regulators.

UBS AG said on Sunday it plans to hire executives from Goldman Sachs Group Inc and Bank of America Corp to build its mortgages and lending business in the U.S.

UBS AG said on Sunday it plans to hire executives from Goldman Sachs Group Inc and Bank of America Corp to build its mortgages and lending business in the U.S.

UBS AG said on Sunday it plans to hire executives from Goldman Sachs Group Inc and Bank of America Corp to build its mortgages and lending business in the U.S.

Results from two of Europe's top banks, UBS and Deutsche Bank reassured investors following last week's European Union tests of the sector's ability to withstand financial shocks.

Bank of America Corp on Monday appointed a former colleague of Sallie Krawcheck as its Merrill Lynch global wealth management unit's new chief investment officer.

New York has sued Bank of America Corp and its Merrill Lynch & Co unit over the companies' merger and Merrill's subprime mortgage exposure, hoping to recover more by suing on its own than by joining existing class-action litigation.

Wells Fargo & Co and US Bancorp, two of the largest banks in the United States, said rising loan demand helped lift their earnings more than analysts had expected.

Wells Fargo & Co , the fourth-largest U.S. bank, posted higher-than-expected quarterly earnings, helped by declining losses on commercial and consumer loans.

Wells Fargo & Co , the fourth-largest U.S. bank, reported lower second-quarter profit, but losses on commercial and consumer loans declined from the first quarter.

Wells Fargo & Co , the fourth-largest U.S. bank, reported lower second-quarter profit, but losses on commercial and consumer loans declined from the first quarter.

Stocks were poised for a higher open on Wednesday as solid earnings from technology giant Apple as well as financials Morgan Stanley and Wells Fargo tempered growth worries.

A federal judge has approved a $550 million settlement between Goldman Sachs and the U.S. Securities and Exchange Commission related to civil fraud allegations in a subprime mortgage product.

More than 40 employees at mortgage finance giants Fannie Mae and Freddie Mac received special perks on mortgage loans from Countrywide as part of its former CEO's special VIP program, a top Republican U.S. lawmaker said on Tuesday.

Goldman Sachs could turn out to be a mere mortal after all.