Jamie Dimon under pressure ahead of investor vote
Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both ...
Charlotte remembers 1963 desegregation 'eat-in'
In the spring of 1963, a prominent civil rights leader led dozens of protesters on a four-mile march from a predominantly African-American college ...
CFTC adopts weakened rule on derivatives trading
A rule intended to loosen the largest U.S. banks' control over the trading of complex investments and help safeguard the financial system was weakened ...
BofA leads banks up; S&P 500 index ekes out gain
Bank of America led a rally in big-bank stocks in mostly quiet trading on Monday. Stock indexes ended little changed following a record-setting run ...
Asia stocks rise as investors cheer US jobs data
Asian stock markets rose Monday after an unexpectedly strong U.S. jobs report pushed Wall Street to new highs. Malaysian shares jumped after the ...
April report to show whether weak hiring persisted
A report Friday on April employment could show whether weak hiring in March marked a temporary lull or the fourth year in which a slumping economy has ...
Stocks sink on economic worries; Dow off 138
Signs of a slowing economy dragged down the stock market Wednesday. Even the prospect of continued stimulus from the Federal Reserve didn't help.
Australia tax revenue falls as mining boom cools
Australia's government said Monday that its tax revenue has continued to fall in recent months as company profits declined and the mining boom that ...
Sprint forms committee to evaluate Dish offer
Sprint Nextel has formed a committee of independent directors to review a $25.5 billion buyout offer from Dish Network. The committee has retained ...
Blackstone founder creates $300M China scholarship
A U.S. private equity tycoon announced Sunday the establishment of a $300 million endowed scholarship program in China for students from around the ...
BofA closes one mortgage lawsuit, another lingers
As soon as Bank of America puts one mortgage-related lawsuit behind it, another always seems to rear its head. The bank announced Wednesday that it ...
Weak earnings reports weigh on Wall Street
Stocks are opening lower on Wall Street after several big companies including Bank of America reported financial results that fell short of what ...
Citigroup execs sound a cautious note
Citigroup isn't convinced the economy is back. The bank on Monday announced strong first-quarter results, but executives were more cautious than ...
Stocks end a four-day advance as energy slides
A four-day surge in the stock market came to an end on Friday as falling commodity prices brought down energy and mining companies. Signs of a slowing ...
Weak start for stocks on Wall Street; banks slide
The stock market is heading lower in early trading after a four-day rise as bank shares weaken. Wells Fargo and JPMorgan fell after reporting revenue ...
Senate confirms White to head SEC
The U.S. Senate has confirmed Mary Jo White's nomination as chairman of the Securities and Exchange Commission, making her the first former prosecutor ...
Study: Mexican wages fall below Chinese levels
Mexico is looking to penetrate the Chinese market after a new report suggested that Mexican labor costs have fallen below those of China.
Judge approves $2.43B Bank of America settlement
A New York judge has approved Bank of America's $2.43 billion settlement of a class action lawsuit brought by shareholders over the company's ...
Fannie's record profit a symbol of housing rebound
Home prices are up. Foreclosures are down. Construction is up. And now comes the latest sign of the U.S. home market's revival: Fannie Mae, the ...
Banks win dismissal of most rate-rigging claims
A group of banks including Bank of America and JPMorgan Chase have won dismissal of most of the claims in private lawsuits alleging that they rigged ...
Berkshire amends warrant deal with Goldman Sachs
Warren Buffett's company will likely become one of the biggest shareholders in Goldman Sachs Group Inc. later this year, and Berkshire Hathaway Inc.
Freddie accuses big banks of rigging lending rate
Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate ...
JPMorgan clamps down on fees from payday lenders
JPMorgan Chase said Wednesday that it will take steps to protect its customers from fees and other charges that payday lenders may slap on them.
Wall Street holds its own after Cyprus 'no' vote
The latest twists in Europe's debt drama weighed down the stock market Tuesday, offsetting more good news on the U.S. housing market. The Dow Jones ...
Japan to join talks on Pacific trade pact
Prime Minister Shinzo Abe announced Friday that Japan will join talks on a Pacific trade pact that would oblige the country to open up sheltered ...
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