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Massachusetts Attorney General Martha Coakley hit five banks with a lawsuit over foreclosure practices in the midst of multistate settlement negotiations.

The trustee seeking money for Bernard Madoff's victims won the right to immediately appeal a ruling that took away more than $19 billion of his claims against JPMorgan Chase & Co, Madoff's main bank for two decades.

From the time when a statement by Massachusetts' attorney-general announcing a lawsuit against five major banks began appearing on the newswires, shares of the financial institutions being sued actually went up slightly.

The trustee tapped to control the assets of MF Global Holdings promised an independent approach to the futures broker's bankruptcy in his first public comments since accepting the post.

Stocks surged on Wednesday as major central banks around the world acted jointly to add liquidity to the global financial system, sparking a rally in risk assets such as equities and commodities.

U.S. stocks rose more than 3 percent on Wednesday as major central banks acted jointly to add liquidity to the global financial system, boosting appetite for risky assets.

Stocks were set to gain more than 2 percent at the open on Wednesday as a coordinated action by major central banks to provide liquidity to the global financial system boosted investors' appetite for risky assets.

Stock index futures soared on Wednesday as investors welcomed a coordinated action by major central banks to provide liquidity to the global financial system.

Stock index futures rose on Wednesday after China unexpectedly cut its banks' reserve requirements in hopes of boosting an economy running at its weakest pace since 2009.

Asian shares fell and the euro trimmed gains on Wednesday as caution set in over the chance for more progress in resolving euro zone debt woes after officials agreed to strengthen a rescue fund and seek more aid from the International Monetary Fund.

Asian shares fell and the euro trimmed gains Wednesday as caution set in over the chance for more progress in resolving euro zone debt woes after officials agreed to strengthen a rescue fund and seek more aid from the International Monetary Fund.

AT&T, the No. 2 U.S. wireless carrier, may be trying to salvage its $39 billion deal to acquire T-Mobile by agreeing to sell assets to loss-ridden Leap Wireless International.

About $200 million in customer funds missing at MF Global may have surfaced at JP Morgan Chase in Britain, the New York Times said, citing people briefed on the matter.

Bond insurer Assured Guaranty Ltd filed new claims against JPMorgan Chase & Co over a mortgage-backed security sold by Bear Stearns, saying more than 35 witnesses have come forward to testify about how loans in the $337 million transaction were misrepresented.

While big U.S. banks assured investors they were financially healthy during the financial crisis, they also quietly approached the Federal Reserve for more bailout money. As of March 2009, the Fed committed $7.77 trillion to rescue the financial system, which is more than half the value of everything produced in the U.S. that year. The amount dwarfed the Treasury Department's better-known $700 billion Troubled Asset Relief Program, or TARP.

Carl Huttenlocher, former Asia head of JPMorgan Chase & Co's Highbridge Capital, said he will launch a hedge fund with more than $300 million on December 1 after a delay in obtaining regulatory approval.

Bank of New York Mellon Corp , which was derided for a plan to charge some of its large corporate and investment management clients for holding their deposits, appears to have flinched.

JP Morgan has dramatically boosted its influence in the battle to acquire the London Metal Exchange by increasing its stake this week to become the biggest shareholder.

J.P. Morgan has agreed to buy all of defunct U.S. brokerage MF Global's shareholding in the London Metal Exchange after a competitive bidding process, KPMG, the administrators for MF Global's UK unit, said on Wednesday.

The Federal Reserve plans to stress test six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis, as part of an annual review of bank health.

Former customers of MF Global Holdings Ltd got some good news on Tuesday, as the bankruptcy trustee secured more assets and the CME Group Inc expanded a guarantee to speed the return of frozen funds.

A judge approved the appointment of a bankruptcy trustee for MF Global Holdings Ltd , wresting control of the remains of the futures brokerage once run by Jon Corzine from its current management.

States are crafting a scaled-back mortgage abuses settlement with top U.S. banks that would exclude California, one of the states hardest hit by foreclosures and falling home prices.

The U.S. Department of Justice said it is reviewing statements and actions by big banks and their trade associations to see if they have violated antitrust laws through coordinated action to raise consumer debit card fees. But experts say an actual investigation is fairly unlikely.

The Federal Reserve plans to stress test six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis.

America may seem to be at the forefront of innovation and technology, but when it comes to credit card payment systems, we're still a step behind.

After being blacklisted by Fannie Mae and Freddie Mac, troubled foreclosure firm Steven J. Baum PC announced on Monday that it would be closing.

Financial-related issues are taking the worst beating in the session.

A raft of bidders -- JPMorgan Chase & Co. among them -- is lining up for failed brokerage MF Global Holdings Ltd.'s stake in the London Metals Exchange, two sources familiar with the situation said, providing some solace for creditors.