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It would be the first settlement over allegations of misconduct in the $5.3 trillion-a-day foreign exchange market.

The UK deal is with six banks that could reach a combined total of roughly 1.5 billion pounds.

Bank of America is the latest bank to cut its third-quarter profit, citing litigation expenses related to its foreign exchange business.

The arrested man is a British national who works for Bank of America Merrill Lynch in the Asian financial hub.

The program will create portfolios of exchange-traded funds managed by Schwab and other providers.

The financial services giant handily beat analysts' expectations for Q3.

JPMorgan had missed market expectations in three of the four preceding quarters.

The problem carried over for the past five years.

Georgetown law professor Adam Levitin explains how the Consumer Financial Protection Bureau could regulate Apple's new pay platform.

The Justice Department settlement with Bank of America failed to forbid BofA from deducting portions on its income tax, U.S. PIRG charges.

The settlement is valued at $1.2 billion after deducting the current estimated value of the low-quality securities.

Bank of America Corp. agreed to a $16.65 billion settlement with the SEC Thursday.

After Thursday's $16.65 billion Bank of America settlement, prosecutors are now set to pursue the disgraced Countrywide Financial co-founder.

“Bank of America failed to make accurate and complete disclosure to investors, and its illegal conduct kept investors in the dark."

The bank has been hammering out the final details of the record-breaking accord with the U.S. Justice Department and is expected to pay about $9 billion in cash and the rest in assistance to homeowners.

The bank has reportedly agreed to pay about $9 billion in cash and the rest in assistance to struggling homeowners.

The bank has agreed to pay about $9 billion in cash and the rest in assistance to struggling homeowners, said someone familiar with the matter.

“Doesn't the SEC have an interest in what the truth is?”

The major bank was convicted of defrauding Fannie Mae and Freddie Mac before the mortgage collapse.

The settlement figure was more that twice what many analysts expected earlier this year.

Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.

A majority of the settlement is expected to be in cash, but the figure also includes several billion dollars in help to struggling borrowers.

Under greater pressure from regulators, U.S. banks offer immigrants fewer options to transfer remittances.

The job cuts would affect about 60 percent of employees at the unit's Charlotte, North Carolina, office.

The Justice Department hasn't responded to Bank of America’s request.

The debt package exceeds $40 billion and includes a bridge loan of roughly $20 billion from Japan's Softbank Corp to Sprint.

The U.S. Department of Justice is preparing to sue Citigroup Inc. on charges that the bank defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, sources said.

The U.S. Justice Department is spending some of the $13 billion JPMorgan Chase & Co. agreed to pay to settle claims stemming from mortgage misdeeds to quicken similar punishments against other lenders, according to people familiar with the matter, according to Reuters in an exclusive report.

"DOJ may not have the evidence to try this as a fraud case," U.S. District Judge Max Cogburn said.