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Donal Griffin

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BANK OF AMERICA Corp. CEO Brian Moynihan predicted another round of consolidation in the U.S. that could lead to the emergence of a new competitor, speaking on a panel at the World Economic Forum in Davos, Switzerland. / BLOOMBERG NEWS FILE PHOTO/JASON ALDEN

BofA’s Moynihan predicts another round of U.S. bank mergers

NEW YORK - Bank of America Corp. CEO Brian Moynihan predicted another round of consolidation in the United States that could lead to the emergence...
YESTERDAY, BANK OF AMERICA CORP. settled one big lawsuit over faulty mortgages as the state of New York launches another suit against the financial giant. / BLOOMBERG FILE PHOTO/DANIEL ACKER

BofA settles ‘big kahuna’ mortgage suit as new case looms

NEW YORK – Bank of America Corp. CEO Brian T. Moynihan, who once vowed to wage “hand-to-hand combat” in lawsuits over faulty mortgages, settled...
BANK OF AMERICA'S brokerage joins JPMorgan Chase & Co's asset-management division among businesses ripe for divestiture if U.S. banks break up to improve stock prices, said CLSA Ltd.'s Mike Mayo. / BLOOMBERG FILE PHOTO/DANIEL ACKER

BofA joins JPMorgan in having units ripe for sale, Mayo says

NEW YORK - Bank of America Corp.’s brokerage and JPMorgan Chase & Co.’s asset-management division are among businesses ripe for divestiture if U.S. banks...

Bad home loans top $72B in ‘colossal failure’

WASHINGTON - Costs from faulty mortgages and shoddy foreclosures have topped $72 billion at the biggest U.S. banks as they near a settlement of...

Citigroup shares decline after earnings unexpectedly fall 11%

NEW YORK - Citigroup Inc., the third-biggest U.S. bank by assets, dropped as much as 5.2 percent in New York trading after the bank...

BofA, SunTrust face most risk from home-equity lending, ISI says

NEW YORK - Bank of America Corp. and SunTrust Banks Inc. stand to lose the most on home-equity loans if housing prices and employment...
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