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Two personal bankers at the bank's branch in Brooklyn allegedly stole nearly $400,000 from at least 15 accounts between August 2012 and October 2013.

Regulators say the bank steered its wealth management clients to in-house products without disclosing conflicts of interest.

The financial firm is expected to settle over allegations that it steered clients to in-house products without making proper disclosures, Reuters reported.

Consumers will likely see the impact in the interest they pay on auto loans and purchases made with credit cards.

Global mergers and acquisitions activity topped $4.75 trillion this year, with more than 37,000 deals announced so far.

On Wednesday, the country's sixth-largest bank by assets said it raised the capital through a 17 percent stake sale to 10 investors ahead of a planned IPO next year.

Cybercrime is now the No. 1 risk for bankers, according to a new survey, with many respondents saying they were powerless against the onslaught of attacks.

The credit rating agency's move comes amid growing uncertainty over whether the U.S. Federal Reserve will prop them up in a crisis.

For the first time, executives at major banks are under investigation for criminal wrongdoing during the subprime mortgage crisis.

The top American bank was among several institutions targeted by a hacking and stock-manipulation scheme, according to U.S. Attorney Preet Bharara.

Europe's Financial Stability Board has recommended that the world's largest banks create financial buffers to save taxpayers from paying for expensive bailouts in the future.

Standard & Poor’s said Monday that the banks may be in for a downgrade if it assesses the prospects of any future government support to be "uncertain."

The British bank names James Staley, a former JPMorgan Chase executive, as its new leader amid a lackluster performance and vagueness about its future structure.

The firm reported a net income of $1.02 billion, or 48 cents a share, in the third quarter. Analysts had expected earnings of 62 cents a share.

One Federal Reserve official said this week he did not "expect that it would be appropriate" to raise interest rates in 2015. He's got company.

Goldman Sachs, JPMorgan and other major lenders reported dampened revenues after a quarter marked by global market volatility.

The financial sector is still waiting to benefit from a U.S. Federal Reserve interest rate hike this year.

The bank prevailed in a suit brought by a former vice president who claimed it ignored red flags about a potential client's fraud.

Six of the top financial institutions in the U.S. together used nearly 400 recognized tax havens in 2014. Their offshore cash totaled $126 billion.

A long-simmering dispute over whether Brian Moynihan should occupy the positions of both CEO and chairman ended Tuesday with the bank prevailing.

Market volatility is usually a treat for Wall Street. So why are executives like Bank of America CEO Brian Moynihan bemoaning weak trading-desk revenues?

The former head of the bank's China operations allegedly recommended the hiring of relatives and friends of Chinese officials.

New York's top financial watchdog joined an inquiry into potential wrongdoing into U.S. Treasurys, the world's most actively traded market.

The broadcasting giant will become the third-largest local television station owner in the United States.

Republican presidential candidate Chris Christie has led a massive surge in tax breaks for companies in New Jersey.

Only three new financial institutions have opened in the U.S. since 2010. One explanation might be the Dodd-Frank Act.

Investors await Fed boss Janet Yellen’s testimony before Congress this week, for clues about plans to raise interest rates.

The big banks are the first of six in the U.S. to post quarterly results between Tuesday and July 20.

Under Gov. Chris Christie's watch, the New Jersey government has awarded nearly $6 billion in corporate tax incentives this decade.