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Amid lawsuits, Bank of America and JPMorgan Chase will repair the credit reports of borrowers who went through bankruptcy.

Regulators have reportedly investigated the bank over maneuvers that took advantage of rules meant to protect depositors from bank failures.

However, BofA's first quarter reversed a surprise loss from a year ago when it was hit with $6 billion for litigation expenses.

Last year, it had reported a surprise loss when it took a charge of $6 billion for litigation expenses.

JPMorgan Chase is the first of six major U.S. banks scheduled to post quarterly results between Tuesday and April 20.

A leading bank analyst published a note backing a shareholder proposal to have the megabank consider splitting itself up.

Financial regulators are looking at complex transactions that allow hedge funds to lower their tax bills.

U.S. prosecutors have just 90 days to bring cases against individuals for wrongdoing in the 2008 financial crisis. Here's who could be charged.

Citigroup and BofA shares dropped Thursday after profits missed estimates, signaling a lackluster earnings season for the banking sector.

It would be the first settlement over allegations of misconduct in the $5.3 trillion-a-day foreign exchange market.

The UK deal is with six banks that could reach a combined total of roughly 1.5 billion pounds.

Bank of America is the latest bank to cut its third-quarter profit, citing litigation expenses related to its foreign exchange business.

The arrested man is a British national who works for Bank of America Merrill Lynch in the Asian financial hub.

The program will create portfolios of exchange-traded funds managed by Schwab and other providers.

The financial services giant handily beat analysts' expectations for Q3.

JPMorgan had missed market expectations in three of the four preceding quarters.

The problem carried over for the past five years.

Georgetown law professor Adam Levitin explains how the Consumer Financial Protection Bureau could regulate Apple's new pay platform.

The Justice Department settlement with Bank of America failed to forbid BofA from deducting portions on its income tax, U.S. PIRG charges.

The settlement is valued at $1.2 billion after deducting the current estimated value of the low-quality securities.

Bank of America Corp. agreed to a $16.65 billion settlement with the SEC Thursday.

After Thursday's $16.65 billion Bank of America settlement, prosecutors are now set to pursue the disgraced Countrywide Financial co-founder.

“Bank of America failed to make accurate and complete disclosure to investors, and its illegal conduct kept investors in the dark."

The bank has been hammering out the final details of the record-breaking accord with the U.S. Justice Department and is expected to pay about $9 billion in cash and the rest in assistance to homeowners.

The bank has reportedly agreed to pay about $9 billion in cash and the rest in assistance to struggling homeowners.

The bank has agreed to pay about $9 billion in cash and the rest in assistance to struggling homeowners, said someone familiar with the matter.

“Doesn't the SEC have an interest in what the truth is?”

The major bank was convicted of defrauding Fannie Mae and Freddie Mac before the mortgage collapse.

The settlement figure was more that twice what many analysts expected earlier this year.