Bank of America

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  Detroit is broke

  By Corey Williams  |  May 14, 2013

  The first report by Detroit's emergency manager declares that the city is broke and at risk of running completely out of money — a financial meltdown that could mean employees don't get paid, retirees lose their pensions and residents endure even deeper cuts in municipal services.

• Banks slashing jobs

  By Christina Rexrode  |  April 25, 2013

  Banks aren't the big jobs machines they used to be.

• IPERS settles Countrywide securities lawsuit

  By Associated Press  |  April 17, 2013

  The retirement fund for Iowa state employees will get a share of a $500 million proposed settlement in a lawsuit against Countrywide Financial Corp. and other companies that bundled securities backed by defective home mortgages.

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  Weak earnings reports weigh on Wall Street

  By The Associated Press  |  April 17, 2013

  Stocks are opening lower on Wall Street after several big companies including Bank of America reported financial results that fell short of what analysts were hoping for.

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  Weak start for stocks on Wall Street

  By The Associated Press  |  April 12, 2013

  The stock market is heading lower in early trading after a four-day rise as bank shares weaken.

• US stocks keep climbing

  By The Associated Press  |  March 6, 2013

  An encouraging look at the job market helped send the stock market higher Wednesday, a day after the Dow Jones industrial average tore through its previous record high.

• JPMorgan to trim 4,000 jobs

  By Christina Rexrode  |  February 26, 2013

  JPMorgan is trimming about 4,000 jobs, or about 1.5 percent of its work force, becoming the latest big bank to shrink its staff.

• Fund investors hurt themselves through poor timing

  By Mark Jewell  |  February 21, 2013

  The recipe for successful investing sounds pretty simple: have reasonably good timing over the long haul and avoid big mistakes. That's what helps professionals build a worthy track record. For average investors, it's advisable to set the bar lower. Construct a balanced portfolio of low-cost mutual funds, make regular contributions...

• Obama picks Mary Jo White to lead SEC

  By Julie Pace  |  January 24, 2013

  President Barack Obama will nominate Mary Jo White to lead the Securities and Exchange Commission, tapping an attorney with broad experience in prosecuting white-collar crimes to lead an agency that has a central role in implementing Wall Street reform.

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  Morgan Stanley’s profit surges, stock soars

  By Christina Rexrode  |  January 18, 2013

  Profits roared back at the investment bank Morgan Stanley in the fourth quarter, reversing a loss in the same period a year ago, when its results were weighed down by a costly legal settlement.