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California Attorney General Kamala Harris remains open to a deal with large U.S. banks in multi-state mortgage negotiations provided it involves a stronger proposal from lenders, the Wall Street Journal reported.

California Attorney General Kamala Harris remains open to a deal with large U.S. banks in multi-state mortgage negotiations provided it involves a stronger proposal from lenders, the Wall Street Journal reported.

A draft proposal of the Volcker rule that cracks down on banks' proprietary trading gives firms flexibility to hedge risk, and sets stringent limits on such trading beyond U.S. borders to address fears the rule will put U.S. firms at a disadvantage.

Large banks need to tie more employees' compensation to the risks their decisions pose to their institutions, through such things as deferred pay, the Federal Reserve said in a report released on Wednesday.

Citi clients who hold the EZ Checking account will be charged $15 per month if they fail to maintain a minimum balance of $6,000

Washington Mutual Inc said it could end its three-year bankruptcy by November, allowing it to distribute $7 billion to creditors, if a judge limits the scope of outstanding disputes to be mediated.

Canada wants its central bank governor, Mark Carney, to become head of the Financial Stability Board, the country's finance minister said on Monday days after a highly publicized clash between Carney and one of the world's most powerful bankers.

More than three years after the financial crisis struck, the U.S. economy remains stuck in a consumer debt trap.

The state of California pulled out of multi-state mortgage negotiations with large U.S. banks, dealing a sharp blow to long-running efforts to secure a broad settlement over allegations of lending abuses.

This past quarter was miserable for bullish U.S. stock investors. The bad news is, things may get worse before they get better.

The state of California pulled out of multi-state mortgage negotiations with large U.S. banks, dealing a sharp blow to long-running efforts to secure a broad settlement over allegations of lending abuses.

JPMorgan Chase & Co and Bank of America Corp were hit with new lawsuits by investors claiming losses on $4.5 billion of soured mortgage debt, adding to litigation targeting the two largest U.S. banks.

Bank of America (NYSE: BAC) would now charge a $5 monthly fee for debit card usage as Dodd-Frank Act's Durbin amendment would become effective Oct. 1.

The largest U.S. banks, eager to get legal protection after widespread evidence emerged of foreclosure shortcuts, are trying to convince California to be part of a multi-state mortgage settlement and not pursue its own aggressive deal.

The Dow and S&P 500 rose on Thursday on stronger-than-expected economic data and German lawmakers' approval to strengthen the euro zone's crisis fund, while big-cap Internet shares dragged on the Nasdaq.

Financial stocks are particularly buoyant -- Morgan Stanley (NYSE: MS) is up 5.2 percent.

If recent history is anything to go by, then it can be seen that it pays to buy Apple shares whenever the stock drops; something that could make evaluation of the next buying opportunity a meaningful process.

Four hedge funds appealed on Tuesday a ruling in the Washington Mutual Inc bankruptcy that found viable claims they had engaged in insider trading, an opinion one fund called a gross injustice.

Jun Azumi, Tokyo’s finance minister, warned that Eurozone members need to come up with a rational, workable plan to alleviate global fears.

JPMorgan Chase & Co is asking to move to federal court a lawsuit from Lehman Brothers Holdings Inc accusing it of siphoning $8.6 billion from Lehman's estate in the days leading up to its record bankruptcy.

JPMorgan Chase & Co is asking to move to federal court a lawsuit from Lehman Brothers Holdings Inc accusing it of siphoning $8.6 billion from Lehman's estate in the days leading up to its record bankruptcy.

U.S. stocks have had a such a miserable quarter that investors might just have to buy a whole load of them this week.

While Euro officials did not reveal specific details about the Eurozone rescue plan, any apparent news about the continent’s debt woes seem to heavily impact equity markets.

Perhaps Apple heard the news -- that Amazon and Barnes & Noble are launching new tablets priced lower than its global-leading iPad. Or perhaps Apple is just better preparing for a slow-growing global economy, where consumer dollars are getting tighter amid talks of a new recession.

Stocks rose in a choppy session on Monday on optimism Eurozone officials would develop plans to slash Greece's debts and recapitalize European banks in the latest effort to tackle the region's debt woes.

Global banks aggressive push to scale back or postpone new capital rules for the world's largest banks is being met with little sympathy from international regulators who are set to finalize these standards in the coming weeks.

The company said that about 75 percent of the acquisition will be financed by debt, with the remaining facilitated by stock issuance (amounting to $4.6-billion in new shares).

A grim outlook for the U.S. economy from the Federal Reserve and signs of a slowing China and Germany drove world stocks sharply lower on Thursday and pushed investors into safer currencies and government bonds.

World stocks hit a fresh one-year low on Thursday and investors poured money into safer currencies and government bonds after the Federal Reserve gave a grim outlook for the U.S. economy and China's manufacturing slowed.