In the US Justice Department's biggest civil settlement ever before with a single entity, Bank of America (BoA) agreed on August 21 to pay $16.65 billion to lay to rest allegations by government and state police of mortgage-related scams throughout the monetary dilemma era.

The Federal Reserve is pushing the biggest US Bank to shrink so that they're less of a danger to the financial system. In testimony at a Senate hearing Tuesday, Fed Gov. Daniel Tarullo highlighted a number of proposals that regulatory authorities are dealing with.

US Bank today reveals its integration with Apple Pay, supplying clients a simple, secure and private way to pay using their US Bank consumer debit and credit cards right from iPhone 6, apple iphone 6 Plus and Apple Watch. By integrating Apple developed hardware, software and services, Apple Pay...

The U.S. Federal Reserve prepares to reduce bank's dependence on short-term debt funding, as well as its capital surcharges for the biggest banks will certainly be harder than internationally agreed rules, a top Fed official said on Monday.

Arab Bank Plc's chairman informed press reporters on Monday his bank was 'Clean' and had actually not supplied funding to Hamas, talking after his 1st day as a defense witness in the long-awaited civil terrorism-financing test.

Complying with the economic situation, many investors averted from bank investing for life. That left numerous banks to trade cheaply, with a large number selling at reduced historic multiples of book value.

With several home loan service providers having a hard time difficult to price estimate enhanced financing speeds for the customers, US Bank Corp (NYSE: USB), easily handled to price estimate same benchmark 30 year dealt with mortgage rates of interest.

The loan arrangements were authorized at the World Bank's base of operations in Washington, DC, the last 4 day's ago.

Bank of America announced on Tuesday that it had released a total amount of $3 billion in perpetual participating preferred stock in 2 tranches.

Credit Suisse Group AG (CSGN) is investigating two traders on its European equities sales group in London amid accusations of misbehavior, according to a person with expertise of the issue.