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JPMorgan tops a list of the world's strongest banks, while Royal Bank of Scotland suffered the biggest loss of any lender last year, according to new industry rankings on Wednesday.

The Bank of America Corp. board has lost two more directors; this time Gen. Tommy Franks and Adm. Joseph Preuher were the ones to hand in resignation letters.

Bank of America Corp said on Friday retired Army Gen. Tommy Franks and retired Navy Adm. Joseph Prueher have resigned from its board, meaning more than a third of its board has stepped aside since late April.

A congressional committee said on Friday it has served the Federal Reserve with a second subpoena for documents related to Bank of America Corp's purchase of Merrill Lynch & Co.

First Republic Bank - in the news this week after several private equity groups, including Blackstone and the Carlyle Group reportedly expressed interest in buying it from Bank of America Corp. - is a private banking and wealth management firm focused on high net worth individuals and their businesses.

Former Merrill Lynch executive Winthrop Smith on Friday denied approaching Bank of America Corp Chief Executive Kenneth Lewis with two other former Merrill executives to discuss buying back all or part of the bank.

Chief executives of some banks that received federal money, including Bank of America Corp, Morgan Stanley and Regions Financial Corp, used company jets for their personal use, the Wall Street Journal reported on its website.

Bank of America Corp Chief Executive Ken Lewis was approached by three former Merrill Lynch executives this year to discuss buying back some or all of their old company, but he politely rebuffed them, the Financial Times reported on its website. Dan Tully, former Merrill CEO, Launny Steffens, former head of Merrill's private client business, and Winthrop Smith Jr, son of one of Merr...

Discover Financial Services reported a smaller-than-expected quarterly operating loss as the fourth-largest U.S. credit card network cut costs and bad loans grew less than expected, sending its shares up 5.5 percent.

Bank of America Corp has been paying millions in bonuses in order to lure talent and retain investment bankers the company views as vital, the New York Post reported, citing sources.

Bank of America Corp has been paying millions in bonuses in order to lure talent and retain investment bankers the company views as vital, the New York Post reported, citing sources.

NEW YORK, June 17 Reuters) - Ten of the largest U.S. banks said on Wednesday they repaid more than $68 billion of taxpayer bailout funds, as they race to extract themselves from government restrictions on pay for top executives.

(Corrects number of banks in first bullet point, corrects index closing level in third bullet point, updates total repayment figure to $68 bln in bullet point and paragraph 1)

Carlyle Group and Blackstone Group LP are leading an investor group that is bidding to acquire First Republic Bank, a private banking unit of Bank of America Corp , Bloomberg News said on Tuesday, citing three people familiar with the matter.

Bank of America Corp, hoping to repay $45 billion of government money, is less likely to raise the funds by selling its big stake in BlackRock Inc after the asset manager buys Barclays Global Investors, analysts said.

Citigroup Inc's chairman said on Monday the bank may find it harder to retain and attract top employees while the bank is holding on to federal bailout money.

BlackRock Inc , the fund manager that has been one of the biggest winners of the credit crunch, has snapped up Barclays Global Investors for $13.5 billion in a deal creating the world's largest money manager.

The U.S. Treasury Department is facing mounting pressure to ensure that taxpayers get a fair return on banks' warrants as the largest firms prepare to shake off government ownership stakes.

BlackRock has agreed to buy Barclays Global Investors to create the world's biggest asset manager in a $13.5 billion deal that British bank Barclays hopes will put to rest concerns about its capital.

BlackRock Inc. said on Thursday it will buy British bank Barclays Plc's investment arm BGI for $13.5 billion in a blockbuster deal that will create the world's biggest asset manager.

U.S. lawmakers accused the Treasury and Federal Reserve on Thursday of using threats and intimidation to force Bank of America to take over Merrill Lynch, a charge Bank of America Chief Executive Ken Lewis denied.

Bank of America Corp. chief executive testified on Thursday before the House Committee on Oversight and Government Reform as they probed the bank’s purchase of Merrill Lynch

U.S. lawmakers accused the Treasury and Federal Reserve on Thursday of using threats and intimidation to force Bank of America to take over Merrill Lynch, a charge Bank of America Chief Executive Ken Lewis denied.

Bank of America chief executive officer Ken Lewis said Thursday his bank went through with the Merrill Lynch acquisition late last year after the government committed to taking on some of the risk of the merger.

Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Henry Paulson will be asked to testify before Congress on their role in Bank of America's acquisition of Merrill Lynch.

Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Henry Paulson will be asked to testify before Congress on their role in Bank of America's acquisition of Merrill Lynch.

Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Henry Paulson will be asked to testify before Congress on their role in Bank of America's acquisition of Merrill Lynch.

Emails from Federal Reserve officials appear to back assertions by Bank of America Chief Executive Kenneth Lewis that he was under pressure, to the point of losing his job, to complete the purchase of Merrill Lynch, despite worries about its financial condition.

The Obama administration on Wednesday named Kenneth Feinberg, the lawyer who oversaw the government's compensation fund for victims of the September 11, 2001, attacks, as its pay czar to police compensation of top earners at companies receiving exceptional government aid.