The trial, which is likely to shine a searching light on the adequacy of the bank's management and risk controls, could land Adoboli with a maximum 10-year jail sentence if convicted of the two counts of fraud and two of false accounting.
Top Republican lawmakers on Sunday said they expect to forge a deal with Democrats to extend the payroll tax cut before it expires at the end of February but offered no specifics on how they would pay for it.
The U.S. administration on Friday expanded its main foreclosure-prevention program and pushed to open it to those with loans backed by mortgage giants Fannie Mae and Freddie Mac, a move that could meet resistance from their regulator, the Federal Housing Finance Agency.
U.S. Attorney General Eric Holder Friday announced the formation of a task force focused on probing residential mortgage-backed securities following President Barack Obama's call for a unit to probe the finance industry's conduct leading up to the financial crisis.
The Florida GOP debate that aired on CNN Thursday, marked the 19th debate in the Republican presidential contest, and was the last before the critical Florida primary scheduled for next Tuesday.
Lisa Czibor is positive her listing of the 2005 Chrysler 300C -- one that President Barack Obama reportedly once owned or leased and drove -- will sell for the hefty price of $1 million.
Bank of America Corp was the fourth-biggest U.S. mortgage lender in the fourth quarter of 2011, continuing its descent in the rankings after it stopped buying loans made by smaller banks.
U.S. 30-year fixed-rate mortgage rates in the week ending Jan. 26, from 3.88 percent in the previous week, according to Freddie Mac.
JPMorgan Chase & Co. Chief Executive Jamie Dimon said President Barack Obama's decision to expand investigations into home lending and sales of mortgage securities could stop settlement talks with the states over foreclosure practices.
Below are highlights from Federal Reserve Chairman Ben Bernanke's news conference following the Fed's policy meeting on Wednesday.
New York Attorney General Eric Schneiderman has been a leading critic of a deal with the nation's largest mortgage servicers over improper foreclosure practices.
President Barack Obama's proposal to allow millions of homeowners to reduce mortgage payments is the latest in a series of federal efforts to aid the housing market, but it faces a number of obstacles.
The U.S. Federal Reserve on Wednesday said it will not raise interest rates until at least late 2014, even later than investors expected, in an effort to support a sluggish economic recovery.
Applications for home mortgages retreated last week, giving back some of the previous week's surge as interest rates rose, an industry group said on Wednesday.
President Barack Obama delivered a State of the Union address last night that was heavy on populist themes, highlighting successes from his first three years in office and outlining his goals for the year ahead.
Even before U.S. President Barack Obama made his State of the Union speech on Tuesday, Republican presidential hopeful Mitt Romney released a pre-buttal to his speech, warning the President would use the platform to divide the nation with a biased speech targeting the general elections. As it turned out, Obama did use the platform to deliver a speech aimed at November's general elections and although he never singled out or named his Republican opponents, he did take several jabs at M...
A group of consumer advocates, academics and economists want to end too-big-to-fail banks, starting with Bank of America Corp.
Indiana Gov. Mitch Daniels will be responding to President Obama's State of the Union Address on behalf of the Republican Party.
Looks like the South Carolina Republican verdict has taught some good lessons to Mitt Romney. The NBC-Florida debate saw a different version of Romney, who was at his aggressive best.
Mitt Romney was desperate for a strong debate performance in Florida's Republican debate Monday night to restore momentum for his campaign, and delivered repeated sharp attacks on rising rival Newt Gingrich.
In an attempt to deflect attention over his involvement with Freddie Mac, Republican presidential candidate Newt Gingrich's former consulting firm on Monday released a contract he had with the troubled mortgage firm.
The regulator for Fannie Mae and Freddie Mac told lawmakers that forcing the two mortgage firms to write down loan principal would require more than $100 billion in fresh taxpayer funds.
