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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.

A Test for Windows; Bailed Out Get Pay Cut; GM's Culture Problem

Boutique investment bank Imperial Capital Group Inc is planning to raise as much as $150 million in an initial public offering.

Bank of America Corp agreed to sell First Republic private bank to a group of private equity investors.

The Obama administration plans to order that top earners at firms that received billions of dollars in government bailouts will see cash payouts cut by an average of about 90 percent from last year, a source familiar with the matter said on Wednesday.

The Obama administration plans to order that the top earners at firms which received billions of dollars in government bailouts will see their cash payouts cut by an average of about 90 percent from last year, a source familiar with the matter said on Wednesday.

U.S. stocks fell on Wednesday, hurt by a late sell-off in financial shares after an influential bank analyst recommended selling Wells Fargo shares and a wider-than-expected loss from Boeing disappointed investors.

U.S. stocks fell on Wednesday, hurt by a late sell-off in financial shares after an influential bank analyst recommended selling Wells Fargo shares and a wider-than-expected loss from Boeing disappointed investors.

Wells Fargo & Co and U.S. Bancorp posted earnings that trounced Wall Street expectations, helped by outsized revenue from underwriting mortgages.

Asset manager BlackRock Inc on Tuesday reported quarterly earnings rose a stronger than forecast 46 percent as more risk-tolerant clients shifted their investments to higher-margin products like stock and bond funds.

Caterpillar Inc reported stronger-than-expected quarterly earnings on Tuesday and raised its full-year forecast, hailing what it said were growing signs of a global economic rebound and sending its shares up more than 4 percent.

Asset manager BlackRock Inc reported a 46 percent jump in third-quarter earnings Tuesday, topping expectations, boosted by cost controls and increased appetite for risk among its clients.

Asset manager BlackRock Inc reported a 46 percent jump third-quarter earnings, topping expectations, helped in part by improved cost controls.

Adecco (ADEN.VX), the world's largest staffing company, is buying American rival MPS Group (MPS.N) for $1.3 billion, boosting its high-margin and more recession-resilient professional staffing business.

Adecco , the world's largest staffing company, is buying American rival MPS Group for $1.3 billion, boosting its high-margin and more recession-resilient professional staffing business.

Chinese property developer Evergrande Real Estate Group Limited plans to raise up to $769 million in a Hong Kong initial public offering, according to a term sheet obtained by Reuters on Monday, 63 percent below its attempted goal last year.

Expected strong quarterly earnings at Credit Suisse and a return to profit at Morgan Stanley will set the pace for the global wealth management sector as consolidation among private banks heats up.

News, details on bond issues in the European markets on Monday:

Two Bank of America directors have been asked to testify before Congress on the bank's acquisition of Merrill Lynch and ensuing fallout, a source familiar with the matter said on Friday.

Bank of America Corp posted a $1 billion quarterly loss on Friday as consumer credit woes eclipsed investment banking earnings, underlining why the bank remains on a government respirator.

U.S. stocks fell on Friday after disappointing results from General Electric Co and Bank of America Corp demonstrated the road to economic recovery will be bumpy.