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Court approves BofA's $8.5bn mortgage settlement

Bank Of America Building

A New York state judge on Friday approved most of Bank of America's $8.5 billion settlement with investors in mortgage securities, which would resolve much of the bank's liability from its acquisition of Countrywide Financial during the financial crisis.

Lloyds to set target for women in senior roles

Why Women Make Better Business Leaders Pic

The boss of Lloyds Banking Group will this week embark upon his own attempt to repair the reputation of Britain's battered banks by pledging to lend more to households and small businesses as well bolstering the number of women at senior level.



Mark Carney

Bank stress tests fail to quell doubts

Mission accomplished? Assessing the capital health of the UK’s banks is a neverending task, of course, but Mark Carney, governor of the Bank of England, seems pleased with the current state of affairs.