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At least $5 billion of that amount is expected to go toward consumer relief consisting of help for homeowners in reducing principal amounts and monthly payments, and paying for blight removal in struggling neighborhoods, the Wall Street Journal said.

The Qatari royal family will a major new investor, in a bid by Germany's biggest bank to end questions about its capital strength.

BofA said it will suspend its $4 billion stock buyback and a dividend hike because it miscalculated capital after buying Merrill Lynch.

The probe concerned the sale of flawed mortgage securities ahead of the financial crisis, people familiar with the negotiations, said.

Costs hanging over from the financial crisis created a half billion dollar loss for the bank in its first quarter.

Expectations for U.S. company earnings are on a slippery slope down Wall Street.

In the CFPB's biggest settlement yet over credit-card malpractices, BAC will have to refund some 1.5 million customers.

Bank of America could pay more than $800 million to settle the allegations against it.

The risk is particularly high in third- and fourth-tier cities. When the U.S. property bubble burst, prices didn't collapse in New York but instead in places like Orlando and Las Vegas, one economist explained.

The reason a large U.S. bank made a large loan to a troubled Mexican company could go beyond simple negligence.

Economists are bracing for another weak employment report Friday, as the U.S. experienced the third most severe winter in 50 years.

Lawyers for the bank said the government's request "contradicts every pertinent legal principle."

State-owned banks headed by women control 45 percent of all of India's public sector bank deposits and 50 percent of all loans.

And you'll never guess where the biggest overvaluation exists, which ran current account deficits of 12 percent to 40 percent of GDP.

Sources tell the Financial Times JPMorgan Chase will announce a 2,000-job cutback on top of already planned reductions.

The single "Invisible" will debut during the Super Bowl.

Bank of America Corp. stock rose over 2 percent on Wednesday after the bank reported strong fourth-quarter earnings of $3.44 billion.

Citigroup was probably hurt by lower fixed-income trading in Q4. But earnings likely rose anyway on a cost-cutting drive.

The fourth-quarter earnings announcement from Bank of America and the Producer Price Index could influence markets.

Ongoing litigation uncertainty, however, makes analysts wary of excessive optimism.

Wells Fargo is expected to post its 16th consecutive quarter of EPS growth, but how can it do so on declining revenue?

Analyst Adam Sarhan discussed the outlook for 2013 fourth-quarter earnings season for the financial sector, including JPMorgan Chase & Co.

Wells Fargo and JPMorgan Chase & Co. will kick off Q4 bank earnings season on Tuesday.

With unprecedented cold hitting the U.S., natural gas demand has increased significantly to heat homes and power commercial spaces.

A major bank has pertinent thoughts on this key real estate market.

Citigroup, Merrill Lynch, RBS, Credit Suisse targeted by Justice Department, sources say.

The U.S. plans to prosecute several big banks in 2014 for mortgage fraud, Attorney General Holder says.

The New York-based bank has been accused of hiring a consulting firm run anonymously by Wen Jiabao’s daughter.

JPMorgan might be the poster child for bad bank behavior, but another big financial firm has paid out way more in fines.