Bank of America Corp. (BAC), the lender burdened by its Countrywide Financial Corp. takeover, would consider putting the unit into bankrupt...

Job cuts may total about 10% of the firm's 288k employees in the next 2-3 yrs, said a person with direct knowledge of the discussions.

Up to 40 state attorneys general are preparing to launch a joint investigation into the mortgage industry over the foreclosure-document mes...

Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago, c...

The govt has launched civil cases against financial cos in the wake of the housing market's collapse and ensuing banking crisis. Top gainer...

The top 25 originators of the high-interest loans accounted for a whopping 72% of subprime loans during the 2005-07 period, the CPI said. M...

The government has completed the transaction providing nearly $30 billion more in support to American International Group Inc., minus $165 ...

Bank of America Corp, the largest US bank by assets, reported first-quarter profit more than tripled on gains from home refinancing and tra...

Bank of America may get more aid from the govt to absorb losses tied to this month’s acquisition of Merrill Lynch & Co.

Bank of America Corp subsidiary has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes.

A federal grand jury is investigating accounting and disclosure issues at Fannie Mae and Freddie Mac, the mortgage finance companies said o...

Countrywide Financial Corp shares fell nearly 6 per cent on Friday on renewed speculation that Bank of America Corp will renegotiate or can...

Bank of America Corp said on Monday that, as part of its acquisition of Countrywide Financial Corp it expects to modify at least $40 billio...

The FBI's probe of the subprime mortgage industry could uncover fraud involving Wall Street investment banks, private equity firms or hedge...

Financial, the largest US mortgage lender, is under investigation by the Federal Bureau of Investigation (FBI) for possible securities frau...

Countrywide Financial Corp, the nation's largest mortgage lender, has begun laying off staff as part of its effort to ride out the credit c...

Countrywide Financial Corp, the biggest US mortgage lender, tapped an entire $11.5 billion bank line as the global credit crunch curbed acc...