Warren Buffett will invest $5 billion in Bank of America Corp., stepping in to shore up the largest U.S. bank in the same way he helped prop up Goldman Sachs and General Electric during the financial crisis. Bank of America …
Bank of America Corp.’s legal losses could cost as much as $2.3 billion above money already set aside to cover litigation, the largest U.S. bank by assets said in a securities filing. BofA raised the possible legal loss estimate by …
Bank of America Corp. is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a person familiar with the matter said Tuesday. The deal could embolden …
Devastating tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have U.S. insurance companies bracing for record losses in 2011. Insurers could suffer as much as $10 billion from weather-related losses in the United States in 2011, which is up …
Devastating tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have U.S. insurance companies bracing for record losses in 2011. Insurers could suffer as much as $10 billion from weather-related losses in the United States in 2011, which is up …
Bailed-out insurer American International Group took another step toward winding down its U.S. government support Monday by securing $4.3 billion of bank credit lines, and company shares surged. AIG’s shares closed up 9.3 percent, or $5.05, to $59.38 on the …
Hartford Financial Services Group Inc. will restructure itself under a plan to reignite growth in the small- and medium-sized business market. The announcement of the plan on April 2 came a day after the insurer repaid $3.4 billion of U.S. …
Drills boring into a West Virginia coal mine Wednesday carried hope for a “miracle” rescue of four miners missing after a blast killed 25 people in the worst U.S. mine disaster in a quarter century. The explosion happened Monday at …
An explosion ripped through a West Virginia coal mine owned by Massey Energy, killing at least 25 miners in the deadliest U.S. mining disaster since 1984. Governor Joe Manchin said Tuesday morning that four miners remained missing deep underground and …
Hartford Financial Services Group Inc. will restructure itself under a plan to reignite growth by courting small- and medium-sized businesses as clients and reining in risk. The announcement of the plan comes a day after the insurer, the 10th-oldest company …
