Households surpassed their previous record and hit a 20-year high as they hoarded $1.095 trillion of the nearly $3 trillion of outstanding municipal bond debt issued by states and local governments as of 2010, according to data recently released by the Federal Reserve.

In February 2010, the head of Firstrust Financial Resources LLC said the advisory firm was looking at different options to spur growth — with a goal of increasing assets under management from $600 million to $1 billion.

A federal judge dismissed a lawsuit by a group of black financial advisers who claimed Bank of America Corp.'s brokerage Merrill Lynch discriminated against them on compensation.

The Federal Housing Administration is moving forward with a long-delayed plan to reduce the term of the home warranty required for high loan-to-value mortgages on new houses.

The 2020 presidential hopeful removed the contentious provision from a previous version of the bill that had won praise from bankers but sparked fierce opposition from credit unions.

The House Financial Services Committee debated legislation Wednesday to reform and reauthorize the National Flood Insurance Program, but no clear solution emerged.

Elon Musk’s demand that executives be present in the office carries an important message for bankers.

The Community Reinvestment Act has failed to reduce anti-Black racial discrimination in financial services, to lower poverty or to lessen environmental destruction.

Consolidation results in harms such as higher prices, reduced worker bargaining power and increased barriers to competition. Because of that, regulators must carefully vet these deals.