Research analysed by property website Trulia, shows Boston, ranked at 10, reporting a per-capita income 1.61 times that of Cincinnati ranked at 90. Photograph: Andrew Harrer/Bloomberg

The income gap between the US’s richest and poorest metropolitan regions has reached its widest on record, shaping an uneven housing recovery that thr(...)

A number of large banks are still under investigation by the task force set up by US president Barack Obama in 2012. Photograph: Scott Eells/Bloomberg

Wall Street banks and their foreign rivals have paid out $100 billion in US legal settlements since the financial crisis, according to research(...)

Hank Paulson: the former US treasury secretary is the subject of “Hank: Five Years from the Brink”, a film by Oscar-nominated documentary maker Joe Berlinger.

It is just over a half-decade since the US financial earthquake shook, taking down one of Wall Street’s biggest banks and crumbling the foundations of(...)

Pedestrians walk outside Morgan Stanley headquarters in New York. Photo: Bloomberg

Morgan Stanley and JPMorgan Chase agreed to pay $1.86 billion to end US accusations of misconduct in their handling of home loans and related securiti(...)

The US government has raised the amount it is seeking in penalties from Bank of America to $2.1 billion after a jury found the bank was liable for fra(...)

JPMorgan Chase has agreed to pay a total of $13 billion to a variety of US state and federal agencies. Photograph: Reuters/Mike Segar

The US government agency that secured a big slice of the record $13 billion penalty against JPMorgan Chase is demanding even more from Bank of Amer(...)

The headquarters of Lehman Brothers in New York on September  15th, 2008, the day the bank filed for bankruptcy.

W hen Lehman Brothers filed for bankruptcy on September 15th, 2008, the financial sector shook across the world. The bank was forced to seek Chapter 1(...)

Minister for finance Brian Lenihan:  took charge of the State coffers just as “the building boom was coming to a shuddering end”.

It is like a scene from another world. In New York, the Lehman bankruptcy brings the capitalist system close to collapse. Giant banks and insurers tee(...)

The JPMorgan Chase  headquarters in Manhattan, NewYork. The bank is resisting what is says is one of the largest post-crisis settlements by any bank

US authorities are demanding JPMorgan Chase pay more than $6 billion to settle allegations it mis-sold securities to government-backed mortgage compan(...)

Fannie Mae earned a record net income of $17.2 billion in 2012

Fannie Mae earned a record net income of $17.2 billion in 2012, as the recipient of the biggest b(...)