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U.S. mortgage bond investors are crying foul as federal policy responses to the worst housing crisis since the 1930s threaten to cripple their tenuous positions.

Citigroup Inc was profitable in the first two months of 2009 and is confident about its capital strength, Chief Executive Vikram Pandit said, easing concerns about the troubled bank's survival prospects.

Citigroup Inc was profitable in the first two months of 2009 and is confident about its capital strength, Chief Executive Vikram Pandit said, easing concerns about the troubled bank's survival prospects.

U.S. stocks rose about 5 percent on Tuesday after Citigroup said it was profitable in the first two months of 2009 and a key lawmaker said he expects the restoration of a rule that makes it harder to bet that a share's price will fall.

Stocks rose sharply on Tuesday as financials led a broad run-up from 12-year lows after reassurance from Citigroup about its performance, while investors turned hopeful about efforts to stem the economic slide.

Citigroup Inc was profitable in the first two months of 2009 and is confident about its capital strength, Chief Executive Vikram Pandit said, easing concerns about the troubled bank's survival prospects.

Merrill Lynch & Co paid Latin American investment banker Alexandre Bettamio, whom it poached from UBS AG, at least $7 million in guaranteed bonuses for 2008, the Wall Street Journal said, citing people familiar with the matter.

New York state's top legal officer and U.S. Rep. Barney Frank demanded on Monday that Bank of America Corp provide more details on $6.9 billion in bonuses paid in 2008, including $3.6 billion at the former Merrill Lynch & Co.

Barclays agreed on Monday to acquire the Bear Wagner Specialists LLC operations from JPMorgan Chase & Co, a move that will leave the New York Stock Exchange with five designated market makers.

Taking advantage of a government program approved last year designed to provide liquidity to financial institutions during the credit crisis, Bank of America Corp. has sold $8.5 billion of debt backed by the Federal Deposit Insurance Corp., according to a report.

Merrill Lynch & Co. have suspended a trader who had $400 million in undisclosed losses in the last few months, according to a report.

New York’s top legal officer complained to the state’s top court on Friday that Bank of America is continuing to block his probe in to bonus compensation at the bank’s newly acquired Merrill Lynch division.

Merrill Lynch said on Friday it had discovered an irregularity in its London trading positions and the Financial Times reported that a Merrill trader had been suspended over a suspected $400 million loss.

Ireland's financial regulator said on Friday it is investigating the mispricing of trades at Merrill Lynch and is conferring with regulatory counterparts in the UK and the United States.

Wells Fargo & Co slashed its dividend 85 percent on Friday, a widely expected move that the fourth-largest U.S. bank said will save $5 billion a year.

Merrill Lynch & Co has reported an “irregularity” in its trading operations just hours after a news report said British investigators were probing losses incurred by a currency trader in the firm's London operations.

Merrill Lynch discovered a trading irregularity during a recent investigation of the troubled investment bank's London trading positions, the company said on Friday.

Wells Fargo & Co cut its dividend 85 percent on Friday , a widely expected move that the fourth-largest U.S. bank said will save $5 billion a year.

Stocks slid on Thursday with the Dow and S&P falling to 12-year lows as General Motors' warning of possible bankruptcy and concerns about the banking system's fate reinforced investors' reluctance to take on risk.

Stocks slid on Thursday with the Dow and S&P falling to 12-year lows as General Motors' warning of possible bankruptcy and concerns about the banking system's fate reinforced investors' reluctance to take on risk.

Stocks extended their slide to 12-year lows on Thursday as General Motors' warning of possible bankruptcy and concerns about the fate of the banking system sped investors' flight from riskier assets.

Stocks slid on Thursday, hit by persistent worries about major banks, including Citigroup , and a warning from General Motors about a possible bankruptcy.

One dollar could buy a cup of coffee, a pack of chewing gum, or a roll of bathroom tissue.

Bank of America Corp said it could suffer grave harm if it is forced to reveal data about an estimated $3.6 billion of bonuses paid to Merrill Lynch & Co officials in the days before the bank acquired the brokerage.

U.S. stocks slid on Thursday, hit by a warning from General Motors about possible bankruptcy and persistent worries about major banks.

A group that works with union-affiliated pension funds called for the ouster of Bank of America Corp Chairman and CEO Kenneth Lewis, citing the bank's falling stock price and damage from its acquisition of Merrill Lynch & Co.

New York state's top legal officer issued subpoenas on Wednesday to seven executives who received tens of millions of dollars in 2008 pay from Merrill Lynch & Co before it was taken over by Bank of America , a person familiar with the investigation said.

The Bank of America's chief, Ken Lewis, has for the first time today, admitted he made a 'tactical' mistake in acquiring Merrill Lynch.

Stocks rose on Tuesday as investors bet U.S. Treasury Secretary Timothy Geithner would shed light on plans to shore up the financial system a day after Wall Street slumped to a 12-year low.