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Frank Holding Jr., the chairman and CEO of First Citizens Bank, says that the Raleigh-based financial institution is always on the lookout for possible acquisitions.

The U.S. Securities and Exchange Commission has resolved an impasse over punishing Bank of America Corp. in a mortgage case, clearing the way for the Charlotte lender to complete a $16.7 billion global settlement, people familiar with the matter said.

Lawyers for the U.S. and Wells Fargo & Co. told a judge they doubt they can reach a settlement in a government lawsuit accusing the bank of home-mortgage fraud, a person familiar with the matter said.

The new head of the Federal Housing Finance Agency has failed to help homeowners who owe more than their house is worth to get partial loan forgiveness, a key senator charged Wednesday in a rare criticism of a fellow Democrat.

For a fourth straight year, Bank of America has posted the lowest score among the biggest U.S. banks in the American Customer Satisfaction Index.

A Belgian investigating judge has charged a Swiss private banking branch of HSBC with massive organized fiscal fraud, money laundering and forming a criminal organization to the benefit of over 1,000 wealthy clients that cost the Belgian authorities "hundreds of millions of euros."

In a setback for Bank of America, a federal regulator has lowered its rating for community lending and investing.

The accused mastermind of what prosecutors are calling one of the largest Ponzi schemes in U.S. history pleaded not guilty Thursday morning in Charlotte federal court.

In the latest legal settlement for Bank of America, the Charlotte-based bank has agreed to a $250million civil penalty to resolve a U.S. regulator’s claims of deficiencies in the lender’s oversight of its foreign-exchange business.

The alleged mastermind of what prosecutors are describing as one of the largest Ponzi scheme in U.S. history appears in federal court in Charlotte on Thursday to face an array of charges.

BB&T, a commercial bank based in North Carolina, is buying Susquehanna Bancshares in a deal that will broaden the bank's reach into the Mid-Atlantic region.

Thirty of the world’s biggest banks, including Bank of America and Wells Fargo, would be required to hold vastly greater capital as a cushion for losses under new rules proposed Monday by a panel of central bankers, regulators and officials.

Seeking to bring more people into the housing market, the government said last month it planned to expand the availability of mortgages with low down payments.

Two major pension funds have asked Bank of America to allow shareholders to vote on the board’s decision to hand the chairman’s title to CEO Brian Moynihan, creating a potential showdown over the issue at next spring’s annual meeting.

Charlotte-based Bank of America said the expense, which increases its reserves to cover legal costs, transformed a third-quarter profit of $168 million reported last month into a loss of $232 million.

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