NEW YORK (Reuters) - Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading. Revenue fell to $1.9 billion from $5.7 billion in the third quarter as banks also adjusted the ...

Palm shares plunged Friday after the struggling US mobile device maker posted more disappointing results and speculation mounted that it could be an acquisition target. Shares in the Sunnyvale, California-based company were trading 18.94 percent lower at mid-day at 4.58 dollars. Bank of America analysts painted a gloomy future Friday for the handset maker, which has been ...

Bank of America CEO Brian Moynihan conceded Wednesday that the company made a series of missteps during the credit crisis and recession that hurt its relationship with shareholders and customers. "Before and during the recent crisis, many of our collective business judgments missed the mark," Moynihan said in ...

NEW YORK (Reuters) - Bank of America Corp <BAC.N>, the largest U.S. bank, plans to seek approval to expand its operations in China, the Wall Street Journal reported on Sunday, citing people familiar with the situation. According to the Journal, the bank is considering incorporating locally in China, which would mean it would have to inject new ...