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Bank of America Corp's credit card loss rate may have peaked in the third quarter, but it will remain elevated for a substantial number of quarters, the bank's head of consumer banking said on Thursday.

Bank of America Corp CEO Ken Lewis' year-end retirement is fast approaching and the bank's search committee is still hunting for a successor.

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Bank of New York Mellon Corp CEO Bob Kelly told the bank's senior managers he is not interested in the top job at Bank of America Corp , defusing speculation that he would leave his current post.

Eight major banks which were at the front of the line for government bailouts have already set aside $117.6 billion this year to pay employees, almost as much as they paid in all of 2008, a Reuters analysis has found.

A U.S. bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end.

A U.S. bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end.

Bank of America Corp is considering allowing its next chief executive to be based in a city other than Charlotte, North Carolina, the bank's long-time headquarters, Bloomberg reported on Tuesday.

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Bank of New York Mellon Corp Chief Executive Robert Kelly was recently approached about taking the CEO job at Bank of America Corp , but he has shown no interest in the job, The Wall Street Journal reported.

The Securities and Exchange Commission is in settlement talks with several large financial institutions to resolve investigations into the awarding of municipal investment contracts, the Wall Street Journal reported on Saturday.

Bank of America-Merrill Lynch raised Genworth Financial Inc (GNW.N) to buy from neutral saying the life and mortgage insurer was an attractive potential rebound story once the financial crisis ends.

Renegotiating bonuses to American International Group employees is a top priority, the Obama administration's pay czar said on Wednesday, adding he believes he can do so without losing key employees.

Renegotiating bonuses to American International Group employees is a top priority, the Obama administration's pay czar said on Wednesday, adding he believes he can do so without losing key employees.

The Obama administration made gains on Tuesday in its push for U.S. financial reform, unveiling a landmark bill to tackle systemic risk in the economy and winning congressional committee approval for a measure to expose hedge funds to more government scrutiny.

Billionaire investor Carl Icahn on Tuesday offered CIT Group's small bondholders protection of the value of their debt if these investors support his effort to block the lender's reorganization plan.

Bank of America Corp said Merrill Lynch customers can now automatically transfer funds in retirement accounts into standard bank accounts, the first major new service launched by the combined company.

JPMorgan Cazenove's joint venture owners are keen to decide whether J.P. Morgan should buy out its UK investment banking partner before bonuses are set for staff around the turn of the year, industry sources said.

Pay czar Kenneth Feinberg emphasized on Friday his ability to claw back pay at any company receiving a taxpayer bailout, but said such an extreme action will be rare and far between.

A U.S. lawmaker said on Friday he will issue a subpoena to Countrywide Financial, now part of Bank of America Corp, as part of a probe into whether the lender gave favored terms to lawmakers and other VIPs.

A U.S. lawmaker said on Friday he issued a subpoena to Countrywide Financial, now part of Bank of America Corp , as part of a probe into whether the lender gave favored terms to lawmakers and other VIPs.

The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing.

The U.S. pay czar on Thursday slashed cash compensation for the top earners at seven companies that received massive taxpayer bailouts, while allowing for some increases to retain key talent.

The Federal Reserve will issue new bank pay guidelines on Thursday designed to curb excessive risk taking, an industry source said.

The Federal Reserve will issue new bank pay guidelines on Thursday designed to curb excessive risk taking, an industry source said.

The Federal Reserve will issue new bank pay guidelines on Thursday designed to curb excessive risk taking, an industry source said.

Top earners at financial and auto companies bailed out by the U.S. government will see their pay slashed under an Obama administration plan aimed at addressing public outrage over eye-popping paychecks, two sources familiar with the matter said on Wednesday.

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