Paul Davis

The KBW Bank Index rose 2.3%, outpacing other major indices. The Dow Jones industrial average rose 0.5% and the Standard & Poor's 500 index rose 0.7%.

Bank of America Corp. is progressing down the road to recovery, but its biggest obstacles still lie ahead.

Bank of America Corp. on Monday agreed to pay $425 million to shelve a loss-sharing pact designed to help it digest the securities firm Merrill Lynch & Co.

Down the line, observers say, if banks do not start minting money, accounting for the assets could actually delay or reduce profits and cut into already tenuous capital levels.

Synovus Financial Corp. shares fell 12% Thursday after the company completed a bigger-than-expected common stock offering.

Bank of America finance chief assesses company's management; Ken Lewis talks financial crisis to Japanese — and literature?; the good news and bad news for Citi employees; and more.

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BB&T Chief Executive Kelly S. King, speaking at a conference hosted by Barclays Capital, said the integration has been "a challenge," though deposits have been stable over the past four weeks.

The $35 billion-asset Columbus, Ga., company said after the markets closed Monday it plans to sell $350 million in common stock and conduct a debt exchange, among other things.

Regions' C. Dowd Ritter said during a conference in New York held by Barclays Capital that the Birmingham, Ala., company has "more than adequate capital" to weather the recession.

A series of legal setbacks is complicating Bank of America's bid to rehabilitate its brand, regain momentum and tap into an economy that is showing early signs of resurgence.

A year later, there are signs Bank of America Corp. may be turning the corner with its much-maligned acquisition of Merrill Lynch & Co., leading some of the deal's original critics to believe it is paying off strategically.

Richard Davis, U.S. Bancorp's chairman and CEO, takes umbrage at the notion that banks are refusing to lend; B of A names executive chairman of global banking and markets.

Bank of America is looking to improve communication with community groups by tapping an executive for the newly created position of consumer policy executive.

29, 30, 31 … Here!

Regional banking companies have a rare chance to take business from bigger competitors in capital markets, but their own problems are making it tough.

Michael Willoughby, who had been Regions' chief credit officer since it bought AmSouth Bancorp. in 2006, was reassigned to the role of director of credit risk, reporting to chief risk officer William Wells.

The fair value of loans held by the nation's biggest banks continues to decline, indicating that credit markets have not yet turned around and raising serious questions about the effectiveness of the government's efforts to help the industry through the credit crisis.

The fair value of loans held by the nation's biggest banks continues to decline, indicating that credit markets have not yet turned around and raising serious questions about the effectiveness of the government's efforts to help the industry through the credit crisis.

Citi chief joining the lecture circuit; Associated searching for new CEO; BB&T hires from within to bolster its corporate board.