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Bank of America has created an account on Twitter, the popular microblogging site, to interact with customers.

The FDIC announced 1st Centennial Bank of California was closed by the California Department of Financial Institutions.

John A. Thain, the former chief executive of Merrill Lynch, resigned after Bank of America suffered unexpected losses stemming from its acquisition of the giant brokerage.

A Pennsylvania man says he considered it divine providence when a bank error put more than $175,000 in his and his wife's account.

Wall Street is losing faith in Washington's efforts to fix the financial crisis.

Renewed worries about the health of the financial sector sent the broader stock market lower on Tuesday.

HONG KONG — Asian stocks rebounded today from the previous day's rout, with Tokyo's index gaining nearly 3 percent, as the U.S. bailed out Bank of America again and a weaker yen lifted exporters like Toyota Motor Corp.

Escalating credit losses drove Bank of America Corp. to report a fourth-quarter loss and slash its quarterly dividend to a penny on Friday, hours after receiving a multibillion-dollar lifeline from the federal government.

Aggressive step comes as new data showed that wholesale prices fell 1.9% last month in U.S.

A gain related to its acquisition of WaMu helped J.P. Morgan post a profit despite surging provisions for credit losses and markdowns on leveraged loans.