Banks

To prove its balance sheet is strong, Bank of America is looking to get cash, and fast. The latest asset it is selling off? A large portion of its stake in a key Chinese bank.

Wall Street firms began preparing last week for backup plans in the case of disaster during Hurricane Irene. As the markets open this morning, it seems they avoided catastrophe.

Bank of America's stock dropped around 40 percent in recent months. So why is Warren Buffett about to hand them $5 billion?

The famed investor wanted a piece of Bank of America after its stock had been beaten down. And Bank of America eventually decided it could use an investment -- $5 billion -- from Buffett.

Shares of the biggest U.S. bank continue to take a beating over concerns about bad mortgages and possible write offs. How bad could it get?

The former credit card company has bought several banks and now is buying ING Direct, a large and popular online bank. It will become the nation's fifth-largest depository bank

It's Bank of America's turn to lay off thousands, but all big banks are waiting for the final reckoning still to come on their troubled real estate portfolios

Bank of America announced 3,500 layoffs today, with thousands more on the way. Professor Perry Mehrling of Barnard College explains why the layoffs signal tough times ahead for the banking industry.

Burdened with bad loans from the financial crisis of 2008, Bank of America has plans to lay off thousands of employees.