A bankruptcy trustee says claims have been filed for 154 people who say they were sickened by a salmonella outbreak traced to a Virginia peanut company....

WASHINGTON—The Federal Reserve said today it will reduce the length of loans banks can draw from its emergency lending program “in light of...

First, terms on credit cards got harsher. Now some people are seeing higher fees on their checking accounts. Citibank customers with Access or EZ checking...

The head of the Federal Deposit Insurance Corp. said yesterday that she’s “very worried” that the nation’s biggest banks aren’t...

First Capital Bancorp Inc., the bank holding company for First Capital Bank, and Eastern Virginia Bankshares Inc. have called off their merger, citing...

Payday lenders are complaining that proposed State Corporation Commission regulations on car-title loans will put an unfair crimp in their business. But...

BRUSSELS—The European Union has approved the government rescue and nationalization of Northern Rock, the first British lender to fall victim to the...

Max & Erma’s Inc. has filed for Chapter 11 bankruptcy protection from its creditors, listing between $1 million and $10 million in debts.

Telecommunications services provider FairPoint Communications filed for Chapter 11 bankruptcy protection Monday after agreeing on a deal with key lenders...

The cascade of bank failures this year surpassed 100 yesterday, the most in nearly two decades. And the trouble in the banking system from bad loans and...

The Federal Reserve for the first time would police banks’ pay policies to ensure they don’t encourage employees to take reckless gambles like...

NEW YORK—Morgan Stanley returned to profitability for the first time in a year as income from its investment banking operations offset losses in...

New Horizon Bank in Powhatan raised enough money during tough economic times to open for business. “We did it by getting up every day and saying,...

The head of the Senate banking committee has proposed legislation to stop banks from automatically enrolling customers in overdraft programs and to protect...

BB&T Corp., the North Carolina lender that acquired Colonial Bancgroup Inc. in August, reported third-quarter profit dropped 65 percent as more real-estate...

Bank of America Corp. said Friday it lost more than $2 billion in the third quarter as loan losses kept rising, providing further evidence that consumers...

Goldman Sachs again showed its trading prowess, helping the Wall Street firm earn more than $3 billion in the third quarter.

Treasury Secretary Timothy Geithner is “ultimately responsible” for regulators failing to rein in massive bonus payments at American International...

CIT Group Inc., a major lender to small and midsize businesses, said Tuesday its chairman and CEO Jeffrey M. Peek plans to resign at the end of the year....

Bondholders battling Donald Trump for control of Trump Entertainment Resorts’ three Atlantic City casinos have raised their offer to $225 million....

CHARLOTTE, N.C. Looking back on last fall’s financial crisis, former Wachovia Corp. General Counsel Jane Sherburne said it’s disappointing...

A plan that regulators proposed yesterday to have banks prepay $45 billion in insurance premiums won’t provide a long-term fix for the shrinking...

Several of the country’s biggest banks recently announced consumer-friendly makeovers of their overdraft programs. The changes may be too little,...

The Federal Deposit Insurance Corp. may take the unprecedented step of ordering banks to prepay about $36 billion in premiums to shore up the shrinking...

ATLANTIC CITY, N.J.—Atlantic City police are investigating how a hedge fund executive fell to his death from an escalator. James Vellanti is the...

The plan is expected to reduce total debt from about $1 billion to approximately $450 million and not affect the business operations from running normally....

Two major British banks were just hours away from collapsing in October 2008, an event which would have threatened the country’s entire economy,...