The standard-setting board for corporate accounting adopted new guidance on Friday that will give banks a break in the distressed market and could boost their balance...

Bank of America Corp. has agreed to buy back up to $4.7 billion in auction-rate securities to settle charges it misled thousands of customers about the risky...

Federal regulators say Bank of America Corp. has agreed to buy back as much as $4.7 billion in auction-rate securities to settle charges that it misled thousands of...

European governments struggled Wednesday to contain the deepening world financial crisis, with Britain stepping in to help its hard-pressed banks and Russia shutting...

Australia’s largest bank, Commonwealth Bank of Australia Ltd., said Wednesday it had agreed to buy Bank of Western Australia Limited and St. Andrew’s...

The Bank of England has surprised the market by cutting its base lending rate by half a point to 4.5 percent.

The British government announced a 50 billion pounds ($87.5 billion) plan on Wednesday to partly nationalize major banks, with taxpayers taking stakes in a bid to shore...

The British government announced a 50 billion pounds ($87.5 billion) plan on Wednesday to partly nationalize major banks, with taxpayers taking stakes in a bid to shore...

The British government has announced an $87.5 billion plan to partially nationalize its major banks in a bid to restore economic stability.

Japan’s central bank left its key interest rate unchanged Tuesday amid heightened anxiety that the U.S. credit crisis was quickly spreading from Wall Street to...

Bank of America Corp.’s third-quarter profit fell 68 percent and the bank says it’s selling stock and halving its dividend to boost capital.

The Group of Seven industrialized countries is outmoded and should be replaced with a new entity that would include growing economies in Asia and Latin America, World...

Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds of thousands of loans to keep...

The European Central Bank, the Bank of England and the Swiss National Bank offered more than $60 billion to markets Monday to try to keep the financial sector flush...

Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. has agreed to modify tens of thousands of loans to keep people in 11 states from losing their...

The German Finance Ministry says government officials and private banks have agreed to a new 50 billion euro ($69 billion) deal to bail out Hypo Real Estate AG.

Japan’s Norinchukin Bank said Friday it has acquired a 0.5 percent stake worth about about 30 billion yen, or $286 million, in France’s Credit Agricole SA,...

Mexicans living in the U.S. sent home 12 percent less money in August, the largest drop on record since the Bank of Mexico began tracking remittances 12 years ago, the...

I recently attended a talk given by Pedro Alba, WB Director for Argentina, amongst other countries in the Southern Cone. I was pleasantly surprised by Alba’s approach...

One of the diagnoses of why the Great Depression was so bad is that countries engaged in “competitive devaluation” — weakening their exchange rates to make...