The second-largest U.S. bank said it earned more than $5 billion last quarter, as New York bureau chief Heidi Moore explains.

The Federal Deposit Insurance Corporation is expected to finalize a proposal today that would require big back executives to return pay if their bank fails.

The latest GOP plan to jumpstart bank lending may leave taxpayers holding the bag.

Banks were previously able to collect $15 billion a year from swipe fees. Now, the Federal Reserve is capping that, but it doesn't necessarily mean the end of debit cards.

Richard DeKaser, economist with the Parthenon Group, explains Bank of America's $8.5 billion settlement over risky mortgage backed securities.

Bank of America will pay $8.5 billion to settle claims that the lender sold bad mortgage-backed securities to investors that went bad when the housing boom went bust.

Simon Johnson, professor at MIT and a former chief economist at the IMF, says newly appointed International Monetary Fund chief Christine Lagarde will favor the interest of French banks, and that the IMF missed an opportunity to emphasize foreign markets.

Garden State officials are negotiating a temporary bank loan with JPMorgan to cover a revenue gap in the new fiscal year. But is it normal for a state to seek a loan like this?

A group of central-bank leaders announced on Saturday that the world's biggest banks will have to hold more capital on their balance sheets to protect themselves in case of another crisis.

Consumers can find relatively high checking account interest rates these days. But there's a catch — or a couple.