How Major Cities Dragged Down the Economic Recovery

In yet another reminder of how uneven the U.S. economic recovery has been in recent years, a new study shows that many large cities continue to reel from a fiscal crisis that has forced serious cuts in services that affect everyday Americans – including police and fire.

Bank of America reports $276m loss after $6bn legal hit

Bank of America has posted a $276m (£165m) loss for January to March.