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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.

U.S. Treasury Secretary Timothy Geithner said on Wednesday the Obama administration wants Congress to pass new laws giving securities regulators power to force companies to let shareholders have more say in setting executive pay levels.

Indian shares rose 2.25 percent on Wednesday to its best close in 10 months, as markets across Asia and Europe were boosted by cash-flush investors buoyed by signs of revival in global economic growth.

A House of Representatives committee on Tuesday said it would subpoena the Federal Reserve to force the central bank to surrender documents regarding its role in Bank of America's takeover of Merrill Lynch last year.

A House of Representatives committee on Tuesday said it would subpoena the Federal Reserve to force the central bank to surrender documents regarding its role in Bank of America's takeover of Merrill Lynch last year.

The chief risk officer of Countrywide Financial Corp, the poster-child company for the loose U.S. home loans that staggered the world economy, was warning against them even when it put him at odds with his own company -- and with Fed chairman Ben Bernanke.

JPMorgan, Goldman Sachs and eight other top U.S. banks won clearance on Tuesday to repay $68 billion in taxpayer money given to them during the credit crisis, a step that may help them escape government curbs on executive pay.

Bank of America Corp said on Tuesday it is covering the legal fees of Angelo Mozilo, the former Countrywide Financial Corp chief executive charged with securities fraud and insider trading.

U.S. bankruptcy filings rose in the first quarter to the highest since 2005, government data show, as rising unemployment, falling housing prices and tight credit made it harder for people to hold off their creditors.

U.S. money manager BlackRock is near to buying Barclays Global Investors for between $12 billion and $13 billion to create a global asset manager twice the size of its nearest rival, people familiar with the matter said.

Barclays Plc is in talks to sell Barclays Global Investors , the British bank said on Monday, with U.S. fund manager BlackRock the frontrunner to land the asset manager for about $12 billion.

Bank of America Corp on Monday said two more directors have resigned from its board, pushing the total to five who have left since late April.

Edward Krudy

Stock index futures pointed down about 1 percent on Monday after three weeks of gains, while markets awaited word from the government about the repayment of bank bailout money this week.

Stock index futures pointed down about 1 percent on Monday after three weeks of gains, and markets awaited government word about the repayment of bank bailout money this week.

Barclays Plc is in talks to sell Barclays Global Investors , the British bank said on Monday, with U.S. fund manager BlackRock the frontrunner to land the asset manager for about $12 billion.

John P. McMurray made it clear to his Countrywide Financial Corp bosses that they were playing a dangerous game with risk. But they didn't listen.

John P. McMurray made it clear to his Countrywide Financial Corp bosses that they were playing a dangerous game with risk. But they didn't listen.

Bank of America Corp. announced Friday afternoon the election of four new directors aiming to address Regulators’ concerns that that board lacks financial expertise.

Angelo Mozilo, who built the largest U.S. mortgage lender, was charged with securities fraud and insider trading on Thursday, making him the most prominent defendant in investigations into the U.S. subprime mortgage crisis and housing bust.

Bank of America Corp is forcing out Chief Risk Officer Amy Woods Brinkley, after a surge in credit losses led to a government bailout and an order by regulators to raise $33.9 billion of capital.

Bank of America’s top management circle will be changing at the end of June as chief executive Kenneth Lewis announced today that company veteran Gregory Curl will replace retiring Chief Risk Officer Amy Woods Brinkley.

Bank of America Corp is forcing out Chief Risk Officer Amy Woods Brinkley, after a surge in credit losses led to a government bailout and orders by regulators to raise $33.9 billion of capital.

Morgan Stanley is likely to be part of the first wave of major banks to exit the U.S. government's bank bailout program after recently selling more than $2 billion of shares, research analysts said on Wednesday.

Singapore state investor Temasek sold its stake in British bank Barclays Plc several months ago at a big loss, people familiar with the matter said on Wednesday.

Wall Street and European banks have long sat atop the rankings for arranging initial public offerings across Asia.

Bank of America Corp , JPMorgan Chase & Co and several other banks said they have raised more than $19 billion as lenders scramble to extricate themselves from Washington's grip.

Bank of America Corp , JPMorgan Chase & Co and several other banks said they have raised more than $19 billion as lenders scramble to extricate themselves from Washington's grip.

The bank on Tuesday touted the speed with which it has raised $33 billion in capital to nearly meet a government mandated goal that will serve to protect the bank from a worse than expected downturn in the economy.