Banks & Credit Unions

Dow closes above 15,000 for first time; what next?

11 days ago

One sign: They are borrowing 28 percent more than they did a year ago to finance their stock trades, and now have a near-record amount of debt, according to Bank of America Merrill Lynch figures.

How the Dow Jones industrial average fared

13 days ago

News that Bank of America and MBIA, a bond-insurance company, had reached a settlement over a long-running dispute propelled both stocks higher.

Solid job gains in April ease fears about economy

16 days ago

"There is little sign in these data to suggest that a marked acceleration in monthly job creation in the months ahead is in the cards," said Scott Anderson, chief economist at Bank of the West.

Australian man stands trial for Wyo. bank robbery

19 days ago

He says he gave money to homeless people after taking more than $140,000 from US Bank.

The last Dow record: My, how things have changed

75 days ago

So did Lehman Brothers, Wachovia and Washington Mutual.

CI Host building in Bedford to be razed

75 days ago

The building has also housed offices for Southwestern Bell and Comerica Bank.

A sturdier US economy can withstand budget cuts

80 days ago

Scott Anderson, chief economist at the Bank of the West, estimates that if the budget cuts lasted only through March, economic growth would drop just 0.1 percentage point in 2013.

6 tips on getting finances in shape to buy a home

81 days ago

Stew Larsen, head of Bank of the West's mortgage banking division, suggests using a rough formula that lenders use: Add up the monthly house payment - principal, interest, taxes and insurance -...

$11 million stock bonus goes to Bank of America CEO Moynihan

88 days ago

Bank of America's stock was the best performer in the Dow Jones Industrial Average by the end of the year, and shares closed at $12.19 on Tuesday.

US sues S&P over pre-crisis mortgage ratings

103 days ago

The fraudulent ratings contributed to the failure of a California credit union that required a multibillion dollar government bailout, the lawsuit said.

Bank of America's online banking crashes

107 days ago

"Twitter soon began to fill up throughout the day with comments from angry Bank of America customers that were left frustrated, trying to do their banking on the first day of the month.

Dow hits 14,000 for 1st time since October 2007

107 days ago

So did Bear Stearns, Wachovia and Washington Mutual.

Frontman for LA band charged with $6M loan fraud

114 days ago

Over a nearly two-year period, beginning in August 2009, Mawhinney sought and obtained four loans from Comerica Bank totaling about $6.2 million, according to court documents.

Laredo man who robbed credit union faces prison

122 days ago

A South Texas man faces up to 25 years in prison for flashing a gun and robbing a Laredo credit union where he formerly worked.

Bank of America settlement questioned by watchdog group, N.J. Sen. Menendez

128 days ago

Watchdog group Public Citizen and a U.S. senator are calling for an investigation into Bank of America's settlement with mortgage giant Fannie Mae in a dispute involving $1.4 trillion in loans.

US banks to pay $8.5B in mortgage settlement

131 days ago

Bank of America CEO Brian Moynihan said the agreements were "a significant step" in resolving the bank's remaining legacy mortgage issues while streamlining the company and reducing future expenses.

Bank of America to pay $11.6 billion to buy back bad mortgages

131 days ago

Bank of America's acquisition of Countrywide under Moynihan's predecessor, Ken Lewis, was initially praised by lawmakers as supporting the mortgage industry.

Business Highlights | AP Business Headlines | Dallas Business, Texas Business,...

132 days ago

The banks, which include JPMorgan Chase, Bank of America and Wells Fargo, will pay billions to homeowners to end a review process of foreclosure files required under a 2011 enforcement action.

News Summary: Bank of America in mortgage deal

132 days ago

News Summary: Bank of America in mortgage deal

Bank of America to pay Fannie Mae $10 billion

132 days ago

After they went sour, Fannie Mae sought to force Bank of America -- which bought Countrywide in 2008 -- to buy them back, claiming that the bank misrepresented the quality of the loans.

Texans to be sentenced in Miss. robbery

132 days ago

They face up to 25 years in prison and a $250,000 fine for the March 26 holdup of a Regions Bank.

US agency sues JPMorgan over WaMu mortgage bonds

135 days ago

The National Credit Union Administration's lawsuit alleges that Washington Mutual Bank gave a false picture of $2.2 billion in risky mortgage securities it sold to the three wholesale credit unions.

Fiscal-cliff deal no recipe for a robust economy

136 days ago

"The economy might be growing at a 3 percent annual rate if not for the threat of sudden and severe spending cuts and tax increases, along with the haziness surrounding the budget standoff, says...

US still faces political fights on spending, debt

137 days ago

asked Ethan Harris, co-head of global economics at Bank of America Merrill Lynch.

Political brinksmanship still threatens US economy

138 days ago

After Jan. 1, asks Ethan Harris, co-head of global economics at Bank of America Merrill Lynch, "what induces the two sides to stop fighting and start compromising?