Bank of America Corporation

Europe's main stock markets fell back on Monday as investors booked profits from big gains last week, but bank shares surged after a top rule-setting body said it would relax its asset requirements for the sector.

Bank of America said Monday it would pay $11.6 billion to settle claims on soured loans sold to government-backed mortgage finance giant Fannie Mae during the home price bubble.

Ten US home loan servicers will pay $8.5 billion in cash and assistance to homeowners for mishandling mortgages under foreclosure over the past two years, US regulators announced Monday.

US stocks shot up Wednesday on news of a fiscal-cliff deal in Congress that prevented most tax increases and delayed sharp spending cuts.

China's manufacturing activity expanded in December for a third straight month, official data showed, adding to signs the world's number two economy is emerging from a prolonged downtrend.

Russian oil firm Rosneft said Monday it had signed two loan agreements worth $16.8 billion to finance the acquisition of British giant BP's 50-percent stake in the TNK-BP joint venture.

Chinese banks boosted lending in November from October, official figures showed Tuesday, as Beijing seeks to preserve the budding recovery in the world's second largest economy.

China released a series of figures Sunday showing continued strength in the world's second largest economy as it prepares for new leaders tasked with sustaining the country's dramatic growth.

China's inflation rate increased to 2.0 percent in November, official figures showed Sunday, in another sign of a continued rebound in the world's second biggest economy following a marked slowdown.

Hewlett-Packard called Tuesday for a probe into "willful" financial misstatements by Autonomy, a British software firm it bought for over $10 billion, which HP now says was overvalued.

Hewlett-Packard called Tuesday for a probe into "willful" financial misstatements by Autonomy, a British software firm it bought for over $10 billion, which HP now says was overvalued.

US stocks surged Monday on upbeat housing data and hopes that politicians will find a way to avoid the so-called "fiscal cliff" of automatic tax hikes and spending cuts in January.

The Out on the Street conference of Wall Street leaders which first met in 2011 is holding its first European event. The Out on the Street conference of Wall Street leaders which first met in 2011 is holding its first European event. Out on the Street: Europe will take place in London on Tuesday, November 13. Out on the Street member organizations include Bank of America Merrill Lynch, Barclays, Citibank, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, KKR, KPMG, Morgan Stanley and UBS. The one-day summit will focus on ?business opportunities and leadership strategies for and within the LBGT community,? organizers said. Secretary of State Hillary Clinton praised the group's work in a letter to attendees. ?The United States is committed to advancing the human rights of LGBT persons around the world, and through the Global Equality Fund that I launched on International Rights Day 2011, we are pursuing innovative models on collaborative, effective assistance to the LGBT community,? Cli

China's export growth sped up in October in fresh evidence of a broader rebound for the world's second-largest economy, as a top official all but declared the country's slowdown over.

US stocks sank Thursday in the second day of losses after President Barack Obama's re-election victory, trimming another one percent after Wednesday's huge rout.

US stocks fell Thursday in the second day of losses after President Barack Obama's re-election victory, though the red ink was light after Wednesday's huge 2.4 percent rout.

US stocks edged higher in opening trade Thursday, a day after greeting President Barack Obama's re-election with a massive plunge.

US stocks plunged 2.4 percent Wednesday after President Barack Obama's re-election victory set up a tough battle with Republicans over the looming "fiscal cliff".

President Barack Obama's re-election and the Senate victory of Elizabeth Warren, who is a fierce Democratic opponent of big banks and Wall Street, has sent shudders through the financial sector.

US stock markets dived two percent Wednesday after President Barack Obama's re-election victory set up a tough battle with Republicans over the looming "fiscal cliff".