Financials

Warren Buffett's Berkshire Hathaway may be on the verge of becoming Bank of America's largest shareholder, after the bank raised its dividend in the wake of a positive assessment of its ability to handle market stresses.

The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond a cushion against possible catastrophe.

The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond a cushion against possible catastrophe.

The U.S. Federal Reserve announced all 34 of the country’s biggest banks passed the second round of its annual stress test, determining they are strong enough to withstand a major economic downturn.

The financial sector led a rally in U.S. stocks amid expectations that the Fed will approve dividends and buybacks.

The financial sector led a rally in U.S. stocks amid expectations that the Fed will approve dividends and buybacks.

Warren Buffett's firm may soon become the biggest shareholder in Bank of America Corp.

JPMorgan Chase is shifting control of heating, air-conditioning and lighting in 4,500 of its branches to an operations center hosted in the internet cloud.

JPMorgan Chase is shifting control of heating, air-conditioning and lighting in 4,500 of its branches to an operations center hosted in the internet cloud.

Thirty-four of the biggest U.S. banks have the financial strength to survive the next global recession, the Federal Reserve said on Thursday.

Sen. Elizabeth Warren (D, Mass.) is urging the Federal Reserve to remove a dozen Wells Fargo board directors who served during the bank's sales-practices scandal, according to a letter reviewed by The Wall Street Journal.

Investors are hoping the Federal Reserve will allow big U.S. banks to put an estimated $150 billion in idle capital toward stock buybacks, dividends and profit-boosting investments in the coming weeks after conducting a regular examination of financial strength.

Investors are hoping the Federal Reserve will allow big U.S. banks to put an estimated $150 billion in idle capital toward stock buybacks, dividends and profit-boosting investments in the coming weeks after conducting a regular examination of financial strength.

A JPMorgan Chase employee has teamed up with The American Civil Liberties Union to file a discrimination charge against the bank Thursday claiming the company has discriminated against him and other dads by denying them the same paid parental leave as mothers.

A JPMorgan Chase employee has teamed up with The American Civil Liberties Union to file a discrimination charge against the bank Thursday claiming the company has discriminated against him and other dads by denying them the same paid parental leave as mothers.

Goldman Sachs Group Inc has collected more than $7 billion for a fund which purchases secondhand stakes in private equity funds, far exceeding its initial target, according to two people familiar with the matter.

Wells Fargo, still recovering from a consumer accounts scandal last year, is now accused in a class-action lawsuit of putting unauthorized changes to home loans held by consumers in bankruptcy since 2015, the New York Times reported.

Wells Fargo, still recovering from a consumer accounts scandal last year, is now accused in a class-action lawsuit of putting unauthorized changes to home loans held by consumers in bankruptcy since 2015, the New York Times reported.

An investment company is planning to offer a fund that would offer U.S. investors direct access to foreign stocks, while tamping down the risk of currency declines.

Bank of America has begun laying off employees in its operations and technology division, part of the second-largest U.S. bank's plan to cut costs.