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California's highest court on Monday ruled that Bank of America Corp need not pay a potential $1 billion or more to customers who claimed the bank illegally raided Social Security benefits to collect fees.

Goldman Sachs was on Monday selling up to about $1.9 billion worth of shares in Industrial and Commercial Bank of China at a discount of 4 percent to 6 percent to the Chinese lender's Monday closing price, according to a term sheet.

Bank of America Corp's corporate and investment banking unit has hired Ethan Harris as head of North America economics and David Bianco as head of U.S. equity strategy, two of the highest-profile appointments since the acquisition of Merrill Lynch & Co.

Goldman Sachs was on Monday selling up to about $1.9 billion worth of shares in Industrial and Commercial Bank of China at a discount of 4 percent to 6 percent to the Chinese lender's Monday closing price, according to a term sheet.

Three private equity firms have agreed to invest up to $450 million in First Southern Bancorp Inc, giving them control of a small Florida lender that could be used to acquire more banks.

Rewarding employees for hard work, and not just for showing up, has become a key tenet of good corporate compensation policy. So why are some Wall Street firms sending a very different message?

Bank of America Corp said on Thursday it may swap 200 million common shares for existing preferred stock, moving it more than $2 billion closer to plugging a $33.9 billion capital shortfall.

Major U.S. equity indexes were little changed on Wednesday after investors digested a key report on the housing market, though the Nasdaq rose on a semiconductor licensing agreement.

Bank of America Corporation announced Wednesday it was “well on its way” to reaching the $33.9 billion indicated Supervisory Capital Assessment Program (SCAP) buffer set by the Federal Reserve after it raised almost $26 billion to date.

Following a Morgan Stanley plan unveiled last week, Citigroup and Bank of America are likely to soon raise base salaries for investment bankers to compensate for limits on annual bonuses, the Wall Street Journal said, citing people familiar with the matter.

Most U.S. banks will repay government bailout funds by the fourth quarter of 2009, and banks will likely issue more stock over the next few quarters, analysts at Morgan Stanley said.

Singapore's Temasek defended its money-losing exit from Bank of America , saying the U.S.-centric bank did not fit its investment criteria and the risk was perceived to be greater than the expected return.

The U.S. Treasury Department said on Thursday it has put another $7.5 billion into auto lender GMAC to enable it to support both Chrysler LLC , and General Motors Corp Corp car buyers and partly meet a shortage of capital.

U.S. banks have been able to raise many billions of dollars in the past few weeks by selling shares to investors, but the jury is still out on whether this is the savviest of smart money -- or just plain dumb.

Treasury secretary Timothy Geithner on Wednesday said major banks have raised $56 billion since the results of the stress tests were released reflecting a need for more capital.

Regions Financial Corp and Fifth Third Bancorp announced plans on Wednesday to sell stock, the eighth and ninth of the 10 large U.S. banks ordered by federal regulators to bolster their finances to announce capital-raising plans.

Bank of America Corp wants to pay back $45 billion in bail-out funds by the end of the year, accelerated by a program to raise capital, the Financial Times reported on its website late on Wednesday.

President Barack Obama was expected to sign into law on Friday a package of sweeping new limits on credit card interest rates and fees that won final approval from the U.S. Congress on Wednesday .

The U.S. Congress on Tuesday sent President Barack Obama a housing rescue bill that aims to save 400,000 homeowners from foreclosure and will spend $2.2 billion on programs to aid the homeless.

Bank of America Corp Chief Executive Kenneth Lewis, whose bank sold $13.47 billion of common stock this month, on Wednesday said the worst of the economic downturn has likely passed and that conditions will not worsen as much as feared.

Bank of America Corp Chief Executive Kenneth Lewis said the worst of the economic downturn has likely passed and conditions will not worsen as much as feared, a day after his bank raised $13.47 billion in a common stock offering, .

JPMorgan Chase & Co and several other banks eager to escape the restrictions and stigma linked to government bailout funds may get the chance to do so in the next few weeks.

Bank of America Corp raised $13.47 billion through a share sale, marking a major step toward meeting the U.S. government's requirements for capital-raising following the recent stress testing of the bank.

JPMorgan Chase & Co and several other banks eager to escape the restrictions and stigma linked to government bailout funds may get the chance to do so in the next few weeks.

Stocks rose on Monday as solid results from the No. 2 U.S. home improvement retailer, Lowe's Cos Inc , fueled hopes the recession was easing and consumer spending stabilizing.

U.S. stocks rose on light volume on Monday as a better-than-expected quarterly profit and upbeat outlook from Lowe's Cos Inc , the No. 2 U.S. home improvement retailer, fueled hopes the economic slump was easing and spending was stabilizing.

Stocks rose on Monday as a solid quarterly profit and raised forecast from Lowe's Cos Inc , the No. 2 U.S. home improvement retailer, fueled hopes the economic slump was easing and spending was stabilizing.

Stocks headed for a higher open on Monday as stronger-than-expected quarterly results from No. 2 U.S. home improvement chain Lowe's Cos Inc boosted hopes the recession was abating and spending was stabilizing.

Bank managers need to be evaluated to see if they are doing a good job and consideration needs to be given about possibly better qualified individuals to run the institutions, FDIC chief Sheila Bair told Bloomberg.