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Some of the nation's largest banks are under threat of a mortgage lawsuit from the federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac.

European shares fell sharply on Friday, snapping a four-session rally, as traders feared U.S. non-farm payrolls numbers could signal a return to recession.

One out of every 10 companies in the S&P 500 index -- including stalwarts like Apple and JPMorgan Chase -- is now cheaper than during the 2008-2009 market meltdown.

Stocks rose for a third straight day on Tuesday in a volatile session, after minutes from the latest Federal Reserve meeting boosted expectations the U.S. central bank will act again to stimulate the economy.

Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter.

Stock index futures fell on Tuesday after equities rose nearly 8 percent in the past five sessions as investors cautiously awaited a batch of data for a better assessment on the state of the economy.

In the aftermath of Hurricane Irene, Chase bank has found a heart for potential suffering customers in New York, New Jersey and Connecticut: Staff will be increased, banking hours will be extended, and that banking overdraft fees and credit card late fees will be waived.

Bank of America's shares skyrocketed 25 percent on Thursday after announcing Warren Buffett's $5 billion investment in the company.

Large U.S. banks defending themselves against a mass of state and federal mortgage probes face a difficult tactical decision following New York state's exit from settlement talks on Tuesday.

Bank of America shares surged more than 11 percent on Wednesday after J.P. Morgan predicted the company would raise capital in the near future.

The U.S. Federal Reserve used a non-competitive bid process when it secured middlemen services to maintain liquidity in the critical money-market fund market -- an emergency action necessitated by the financial crisis triggered by the collapse of Lehman Brothers.

A federal judge ruled that the Federal Deposit Insurance Corp has to face a $10 billion lawsuit tied to the failure of Washington Mutual Bank.

Stocks shot three percent higher on Tuesday on speculation Federal Reserve Chairman Ben Bernanke this week would signal new help for the economy, giving investors hope a four-week rout was nearing an end.

Bank of America Corp (BAC.N) shares fell nearly 8 percent on Monday, reaching their lowest level since March 2009, as investors fretted the bank may need to raise some $50 billion of capital and worried about potential additional mortgage lawsuit payouts.

World stocks eked out a gain on Monday, stabilizing after the previous four weeks of sharp losses, while Brent crude prices slipped on prospects Libya's civil war will soon end.

Bank of America Corp shares fell as much as 6.6 percent on Monday, reaching their lowest level in two weeks, as investors fretted about the bank facing additional legal liabilities over mortgages.

Bank of America Corp shares fell as much as 6.6 percent on Monday, reaching their lowest level in two weeks, as investors fretted about the bank facing additional legal liabilities over mortgages.

South Korean trading firm Samsung C&T (000830.KS) said on Monday it was considering taking over independent U.S. oil firm Parallel Petroleum, which a media report said might be worth about $920 million.

Credit Suisse Group (CSGN.VX) will buy the nearly 50 percent stake it does not own of Brazilian investment fund Hedging-Griffo, which the Swiss bank will make its sole asset management platform in Latin America's biggest economy, a local newspaper reported on Monday.

The U.S. stock market had a mini-meltdown on Thursday as fears about a second recession in the United States and Europe rattled investors.

Hewlett-Packard Co may spin off the world's largest PC business, part of a wrenching series of moves away from the consumer market, including killing its new tablet and buying British software company Autonomy Corp for as much as $11.7 billion.

Stocks tumbled in New York after the opening bell this morning, prompting fears that America is heading into another deep economic recession.

Stocks tumbled in New York after the opening bell this morning, prompting fears that America is heading into another deep economic recession.

Hambrecht, Icahn nominee, quits Motorola Mobility board

The trustee seeking money for victims of Bernard Madoff's fraud on Wednesday filed an amended $2 billion lawsuit adding new allegations against UBS AG and related defendants.

By the complaints coming from Washington, you might think that the Standard & Poor's credit rating service is a big headache for its owner, the McGraw-Hill Companies Inc .

Bank of America Corp may settle a state and federal probe of foreclosure practices in a deal that lets New York proceed with an inquiry into securitizations, Bloomberg reported citing two people with direct knowledge of the matter.

Former employees of elite Wall Street firms are triumphing over their previous investment banks in Google Inc's blockbuster $12.5 billion deal to buy Motorola Mobility Holdings Inc.