Save Money in this Sunday's paper
Sign up to get the Business Review Newsletter »
The Markets
NASDAQ 4748.40
4,738.29 (-)
NYSE 10831.62
10,825.67 (-)
S&P 2061.23
2,061.03 (-)
Key Carolina Companies
| Symbol Lookup | AP Market Summary

MetLife Inc., the biggest U.S. life insurer by assets, was labeled a systemically important financial institution by a council of regulators and said it will consider whether to sue the government over the decision.

A New Jersey-based mortgage company is in line for a whistleblower payout as part of Bank of America’s $16.65 billion settlement in August over the bank’s packaging of mortgage loans into securities, according to court and settlement documents.

Earlier this month Wells Fargo became the most valuable U.S. bank ever, surpassing Citigroup Inc.’s 2001 record. Here’s how it got there.

Robert Madsen, one of four whistleblowers in the federal government’s $16.65 billion civil settlement with Bank of America, said keeping secret his cooperation with federal prosecutors for nearly four years had not been easy.

N.C. House members expect to vote Friday on whether to recommend easing requirements for mortgage lenders – a move that proponents say would cut costs for the industry but critics say would dilute protections for borrowers.

A former Countrywide Financial executive who turned financial crisis whistleblower is collecting more than $57million for his effort in helping federal prosecutors force Bank of America to pay a record $16.65billion penalty in connection with its role in churning out shoddy mortgage securities.

Bank of America and US Bancorp were sued by the agency that oversees federal credit unions, which claimed the banks failed as trustees over securities backed by home mortgages that defaulted after the 2008 credit crisis.

Two pension funds are engaged in discussions with Bank of America about the bank’s decision in October to hand the chairman title to CEO Brian Moynihan.

Bank of America has failed two of 31 tests designed to see whether it is complying with a national mortgage settlement’s rules, a report Tuesday from the settlement’s watchdog shows.

Six years after the collapse of Lehman Brothers, the lessons of the financial crisis may already be fading from collective memory.

Bank of America faces the possibility of paying a Florida husband and wife more than $1 million – after it failed to respond in time to their robocall lawsuit.

The rollback this week of a key part of Wall Street regulation adopted after the 2008 financial collapse caught much of Washington by surprise, creating an uproar among liberals who called it a payoff to big banks, threatening to derail a bipartisan budget agreement, and almost shutting down the government.

Congress is poised to enact the first significant rollback of the sweeping 2010 overhaul of financial regulations by including in a government spending bill a provision that eases bank trading of complex derivatives.

PNC Bank has brought its “universal branch” concept to Charlotte, becoming the latest lender to overhaul its branches amid the rising popularity of online banking and declining foot traffic to teller lines.

Wells Fargo said it will create about 80 additional jobs in Charlotte next year as it relocates some work from Philadelphia.

  • More recent business news

Asheville's HomeTrust Bancshares said this week it has hired a market president to lead the lende...

Bank Watch

Five years after a global financial meltdown shook Charlotte, some insiders say banks still vulnerable to risk.

Quick Job Search