Bank of America Starts Countdown Clock on Interest Rate Hikes

NEW YORK (TheStreet) -- At times, it seems like speculation on interest-rate hikes have been going on almost as long as the Fed's near-zero interest rate policy.

Bank of America adjusts results due to legal costs

Bank of America has set aside $400m (£253m) due to rising litigation costs associated with a probe into foreign currency manipulation at the bank.

Bank of America to pay Fannie Mae and Freddie Mac

Bank of America agreed to pay $9.5bn (£5.7bn) to settle charges it misled US mortgage lenders Fannie Mae and Freddie Mac before the housing crisis in 2008.

Wall Street down; S&P on track for monthly loss

(Reuters) - U.S. stocks fell on Monday, putting the S&P 500 on track for its first monthly decline since November, after data hinted the U.S. economic recovery is stalling and Spain's fall back into recession underscored nagging euro zone stresses.

Home foreclosures jump in third quarter

(Reuters) - The number of new home foreclosures jumped by more than 21 percent in the third quarter from the second as banks moved more aggressively after a pause to review how they deal with troubled borrowers, according to a report released by a bank regulator on Wednesday.