The $25 billion settlement between five large U.S. banks accused of abusive mortgage practices on the one side and federal and state government officials on the other side that was announced Feb. 9 will be filed in federal court on Monday, people familiar with the matter said.
Wells Fargo recently announced that it will be instituting a $7 monthly service fee for checking accounts in six eastern states, adding to the 23 states where the fee is already in place. There are a few ways to avoid this fee.
For a while it was just your mother's maiden name, then your first pet, the street you grew up on or the make and model of your first car. As passwords and security questions multiply, so does the potential for things to go wrong, possibly locking you out of your own life.
Wells Fargo & Co., the bank with the most U.S. branches, is ending free checking in six eastern U.S. states starting in May, expanding a $7 monthly service fee for the use of its basic checking account.
AT&T Inc. is seeking to sell a stake in Yellow Pages in an approximately $1.5 billion deal with private equity firm Cerberus Capital Management LP, Bloomberg reported.
Bank of America, N.A., fraudulently sought to limit home-owner mortgage modifications under the Home Affordable Modification Program so as to avoid millions in losses, says a whistleblower complaint unsealed in federal court Wednesday.
If you expect the Federal Reserve to launch another round of bond buying to stimulate growth at its meeting next week, you're almost certain to be disappointed.
U.S. stocks finished Tuesday with the worst one-day decline so far in 2012 as a sell-off spread from Europe driven by fear of a disorderly default in Greece and a slowdown in global economic growth.
The U.S. government will cut fees on federally insured mortgages and move to expand home-loan relief to military veterans, President Barack Obama announced Tuesday.
Wall Street was set to open lower on Tuesday on renewed concerns that Greece and private bondholders may not meet a looming deadline to complete a debt swap and as caution grew over the global economic outlook after recent weak data.
The top aftermarket NYSE gainers Monday were: Monster Worldwide, Sony Corp, Giant Interactive Group, Heckmann Corp, RPC and NetQin Mobile Inc. The top aftermarket NYSE losers: RAIT Financial Trust, Darling International, Plains All American Pipeline, AllianceBernstein Holding and Equity One.
Facebook Inc, the social networking firm, has hired more banks to work as underwriters for its initial public offering, according to a report.
Facebook Inc will add banks in coming weeks to help underwrite its initial public offering, two sources familiar with its plans said on Friday.
Last year Bank of America wreaked up a ruckus among its customers as it toyed with the idea of instituting a $5 fee for debit-card purchases, a plan that was successfully pushed back-until now.
Occupy Wall Street drew a top U.S. security agency's scrutiny, Rolling Stone reported, as protesters across the country tried to revive the movement in a day of action against corporate greed.
Bank of America Corp. is planning to introduce a monthly fee for its customers holding checking accounts unless they agree to bank online, buy more products or maintain certain balances, the Wall Street Journal said.
Like scorned lovers, Bank of America (NYSE:BAC) and Fannie Mae, the government-controlled mortgage giant, are having a very public falling out.
The Dow Jones Industrial Average crossed 13,000 at Tuesday's market close, while the S&P 500 rose above 1,370, but a bullish psychological impact could actually drag down the market in days to come.
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), the maker of Keurig single-serve brewers and capsules, claimed the No. 45 spot on the IBTimes 1000 list by catering to consumers' needs while operating on a high-margin business model.
Bank of America had attempted to get an $8.5 billion settlement over bad Countrywide mortgage-backed securities approved in New York state court over the objection of some angry investors.
Perhaps familiarity does breed contempt. The biggest U.S. companies have often failed to meet forecasts this earnings season, while their smaller counterparts have delivered.
Anyone looking for more evidence of a strengthening U.S. economic recovery needs only to consider conglomerate Berkshire Hathaway, where businesses ranging from railroads and electric utilities to furniture and candy stores are racking up record profits.
