KBW adds Radian to mortgage finance index, deletes NewAlliance; ups Citi shares in bank index. Keefe, Bruyette & Woods Inc. on Wednesday said it will make changes to its banking and mortgage finance indexes on Monday.

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp <BAC.N>, the largest U.S. bank by assets, reported higher-than-expected second-quarter profit as credit costs declined.

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp <BAC.N> posted its first quarterly profit since summer 2009 as it generated outsized bond trading revenue and set aside less money to cover bad loans.

-

NEW YORK/CHARLOTTE, North Carolina (Reuters) - Citigroup Inc <C.N>, JPMorgan Chase & Co <JPM.N> and Bank of America Corp <BAC.N> may soon show compelling evidence that they have stopped the bleeding in terms of credit losses and loan writedowns.

NEW YORK/ORLANDO, Florida (Reuters) - New York's attorney general charged Bank of America Corp <BAC.N>, former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the acquisition of Merrill Lynch & Co.

Analyst says Obama speech 'positive' for banks; sector sees modest gains even as markets slide. Bank stocks rose modestly Thursday as some investors said the tone of President Barack Obama's State of the Union address was positive for banks.

Obama's proposed rules to curb banks' trading and size sends big bank stocks plummeting. A new proposal from President Barack Obama to limit the size and trading capabilities of big banks sent shares of major financial institutions plummeting Thursday.