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Zachary Tracer

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DUE TO AN ERROR in its stress-test submission to the Federal Reserve, Bank of America Corp.'s stock fell 5.2 percent on Monday to $15.13 a share, the biggest single-day slide since April of last year.

BofA declines after error halts buybacks, dividend increase

Bank of America Corp. fell the most in a year after suspending a dividend increase and $4 billion of planned share repurchases because of...
METLIFE INC. is planning to move workers from facilities in Massachusetts, New Jersey, California, Pennsylvania and Rhode Island to North Carolina.  / BLOOMBERG FILE PHOTO/DANIEL ACKER

MetLife shifts workers to North Carolina

(Updated, 3:30 p.m.) NEW YORK - MetLife Inc., the largest U.S. life insurer, is shifting workers to North Carolina as CEO Steven Kandarian seeks to...
BANK of AMERICA Corp. has agreed to pay $3.6 billion to Fannie Mae to resolve home-loan repurchase claims.  / BLOOMBERG FILE PHOTO/JIN LEE

BofA agrees to pay Fannie Mae $3.6B in mortgage deal

NEW YORK - Bank of America Corp., the second-biggest U.S. lender by assets, agreed to pay Fannie Mae $3.6 billion to resolve home-loan repurchase...

BofA to pay $2.43 billion to end shareholder suit over Merrill

NEW YORK - Bank of America Corp. agreed to a $2.43 billion settlement with investors who suffered losses during its acquisition of Merrill Lynch...
METLIFE Inc. was awarded more time to submit a fresh capital plan to the Federal Reserve after attempts to lift its dividend and resume buybacks were twice thwarted by the regulator. / BLOOMBERG FILE PHOTO/SCOTT EELLS

MetLife wins extension to resubmit Fed capital plan

NEW YORK - MetLife Inc., the largest U.S. life insurer, got more time to submit a fresh capital plan to the Federal Reserve after...
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