Financials

A U.S. appeals court refused on Monday to reconsider its decision to overturn a $1.27 billion penalty against Bank of America Corp and a jury verdict finding it liable for mortgage fraud leading up to the 2008 financial crisis.

A U.S. appeals court refused on Monday to reconsider its decision to overturn a $1.27 billion penalty against Bank of America Corp and a jury verdict finding it liable for mortgage fraud leading up to the 2008 financial crisis.

Despite banks' nudging toward online tools, many U.S. customers are not ready to give up regular visits to their nearest branch, complicating the industry's efforts to slim down.

Despite banks' nudging toward online tools, many U.S. customers are not ready to give up regular visits to their nearest branch, complicating the industry's efforts to slim down.

An analysis of consumer debt shows that young consumers are using fewer credit cards. Discover how their avoidance of debt may hurt millennials in future.

An analysis of consumer debt shows that young consumers are using fewer credit cards. Discover how their avoidance of debt may hurt millennials in future.

Two of the largest U.S. banks recently passed the so-called 'stress test' applied by the Federal Reserve. Discover why the results matter to Wall Street.

Two of the largest U.S. banks recently passed the so-called 'stress test' applied by the Federal Reserve. Discover why the results matter to Wall Street.

Citi's CEO Michael Corbat is planning to set out new targets later this year, and people close to him say he knows the pressure is on.

Citi's CEO Michael Corbat is planning to set out new targets later this year, and people close to him say he knows the pressure is on.

Some U.S. mutual funds are boosting their performance with relatively big bets on private companies.

International Business Machines is in an unusual fix in telling big U.S. banks they can use its Watson software of Jeopardy-winning fame as a cost-saving solution: bankers say they like it, but cannot afford it.

International Business Machines is in an unusual fix in telling big U.S. banks they can use its Watson software of Jeopardy-winning fame as a cost-saving solution: bankers say they like it, but cannot afford it.

Last year, identity theft hit 13 million people. Protect yourself using one of these tactics.

In the second quarter, total household debt increased by $35 billion to $12.3 trillion, according to the New York Fed's latest quarterly report on household debt. That increase was driven by two categories: auto loans and credit cards.

In the second quarter, total household debt increased by $35 billion to $12.3 trillion, according to the New York Fed's latest quarterly report on household debt. That increase was driven by two categories: auto loans and credit cards.

2,700 bitcoins back on the market after being seized.

2,700 bitcoins back on the market after being seized.

Another executive flees the online lender as cost rise and loan growth slows.

Another executive flees the online lender as cost rise and loan growth slows.