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Bank of America Corp , the largest U.S. bank, plans to seek approval to expand its operations in China, the Wall Street Journal reported on Sunday, citing people familiar with the situation.

Bank of America Corp completed 20,666 mortgage modifications in March under a U.S. government-backed program, up 61 percent from February, the bank said on Friday.

Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.

Bank of America Corp's push into the competitive realm of managing retirement assets is paying early dividends.

Regulators have told Bank of America Corp Chief Executive Brian Moynihan and other executives that the largest U.S. bank by assets must become much smaller, Fox Business Network's Charlie Gasparino reported on Wednesday.

Bank of America Corp Chief Executive Brian Moynihan said on Wednesday the company's decision to eliminate overdraft fees on debit card transactions will give up a lot of revenue for the largest U.S. bank by assets.

An influential Republican in U.S. Senate talks on financial regulatory reform said on Wednesday there are no special exemptions for particular institutions in a proposed new government financial watchdog agency.

Bank of America said on Tuesday it will no longer charge overdraft fees on debit card purchases as of this summer, a move that may cost millions in fee income.

AIG is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, in its second major asset sale in a week to repay the U.S. government billions of bailout money.

Citigroup Inc Chief Executive Vikram Pandit on Thursday voiced support for key Obama administration financial reform goals, including a consumer protection authority, but government watchdogs questioned his earnestness.

A former MBNA Corp executive who runs Bank of America Corp's global card services unit is leaving the company as part of a management shake-up within two of its biggest consumer businesses.

Stocks ended slightly higher on Tuesday as mergers and acquisitions supported selected sectors, but investors pulled back from recent gains in some big-cap technology and bank shares.

Wells Fargo Advisors is in advanced talks to hire Tom Isaacs, a 25-year veteran Merrill Lynch adviser and manager, to oversee its branches in New York City, according to a source familiar with the talks.

Global hedge funds posted small gains in February as many prominent managers steered clear of stocks and bet against Europe's common currency, analysts at Bank of America Merrill Lynch said.

Bank of America Corp Chief Executive Brian Moynihan said on Sunday during a television interview that he will vote for U.S. Representative Barney Frank, a key proponent of financial industry reform, in the upcoming November election.

For executives at Bank of America Corp and Citigroup Inc, it pays to be just below the top.

Bank of America Corp's investment banking chief Thomas Montag was the company's highest paid executive in 2009, after the company assumed his contract as part of its acquisition of Merrill Lynch, according to the company's proxy filing on Friday.

A Manhattan federal judge gave final approval to Bank of America Corp's $150 million settlement with the U.S. Securities and Exchange Commission.

Bank stocks led the S&P 500 Index in Wednesday's rally as Fed Chairman Bernanke reiterates his commitment to low interest rate and offered an optimistic view of the financial markets.

New York Attorney General Andrew Cuomo on Tuesday said Oppenheimer & Co will restore $31 million to the accounts of customers who were stuck owning auction-rate securities that became illiquid.

U.S. businesses continued to postpone financing new investments in their operations in January, but delinquencies among existing borrowers stabilized and outright defaults fell.

Stocks finished flat on Monday as investors held back before congressional testimony by Fed Chairman Ben Bernanke, while scattered buying lifted shares of health insurers and banks.

Stocks finished flat on Monday as investors held back before congressional testimony by Fed Chairman Ben Bernanke, while scattered buying lifted shares of health insurers and banks.

Bank of America Corp won approval of a $150 million settlement with the U.S. Securities and Exchange Commission over the Merrill Lynch & Co merger, though the federal judge who signed off on the accord called it half-baked justice at best.

Bank of America Corp wants to aggressively expand Merrill Lynch's business of managing investments on behalf of pension funds, foundations and endowments.

Bank of America Corp won approval of a $150 million settlement with U.S. Securities and Exchange Commission over the Merrill Lynch merger, ending an embarrassing public battle between the largest U.S. bank and the nation's top securities regulator.

Bank of America Corp on Monday won approval of a $150 million settlement with the U.S. Securities and Exchange Commission over the Merrill Lynch & Co merger, ending an embarrassing public battle between the largest U.S. bank and the nation's top securities regulator.

Former Bank of America Chief Executive Kenneth Lewis said he was briefed twice on his company's decision not to disclose rising losses at Merrill Lynch & Co, before the bank's takeover of Merrill was put before shareholders.

The fate of the U.S. Securities and Exchange Commission's $150 million accord with Bank of America Corp over the Merrill Lynch & Co takeover hung in the balance as a federal judge sought help in resolving striking inconsistencies in events leading up to the merger.