Bank of America agreed to pay $425 mln to federal regulators to extricate itself from an agreement struck last December to protect the bank against $118 bln worth of toxic assets, most of which came... Read »

Bank of America failed to meet a Monday midday deadline to hand over further details about its acquisition of Merrill Lynch to a congressional investigative committee, a panel spokeswoman said.  Read More →

Royal Bank of Scotland Group Plc, Britain’s biggest government-controlled bank, is in talks with shareholders to gauge the appetite for a potential rights offering, two people familiar with the talks... Read »

Vivendi SA, the owner of the world’s largest music company, may decide to sell its stake in NBC Universal Inc. at a board meeting on Oct. 14, a person familiar with the situation said. Vivendi, which... Read »

International investors are increasing purchases of Treasuries on a bet U.S. inflation will remain subdued, even as the dollar falls to the lowest levels of the year and the budget deficit tops $1 trillion.  Read More →

Dell Inc.’s $3.9 billion offer for computer-services provider Perot Systems Corp. stands to make the Perot family almost $400 million richer, according to company filings.  Read More →

The research arm of Congress reported on Monday that the American International Group’s financial condition had stabilized but said it was not clear whether the giant insurance group would ever be able... Read »

Among U.S. homeowners with mortgages, a record 7.58 percent were at least 30 days late on payments in August, up from 7.32 percent in July, according to the data obtained exclusively by Reuters.  Read More →

The Conference Board said on Monday its index of leading economic indicators, which is supposed to forecast economic trends six to nine months ahead, rose 0.6 percent to 102.5, the highest level since... Read »

The Federal Reserve Board has rejected a request by U.S. Treasury Secretary Timothy Geithner for a public review of the central bank’s structure and governance, three people familiar with the matter... Read »