Virgin America, the carrier founded by Sir Richard Branson, is seeking...the matter said. Cyrus, a New York hedge fund, was one of Virgin America's original shareholders. Virgin America began service in 2007 after a battle in Washington over...

...federal regulators to scrutinise Virgin America, the US carrier founded by the...regional airline, which competes with Virgin America on routes to Seattle and other...Group, which owns 24 per cent of Virgin America, had expected the US investors...

...departure make it unlikely that he will be viewed as a serious contender for the soon to be vacant chief executive role at Bank of America, his former employer. GMAC is in talks with the Treasury, which exchanged previous bail-out funds for a 35.4 per cent stake...

...KBW index of US banks had recovered 57 per cent since its March low, but shed about 8 per cent, with Citigroup and Bank of America both registering large percentage declines.The Obama administration's sudden show of tough love towards carmakers has set nerves...

...did not sign up for the full $250bn allocated them before the November deadline. Emergency top-ups for Citigroup and Bank of America came to $53bn. The ultimate basketcase, AIG, got $70bn. Schemes to stimulate consumer and business lending total $95bn. Part...

Virgin America offered to replace its chief executive...closely linked with the UK entrepreneur.Virgin America vowed to press head with its plan, and...questioned his close ties to Sir Richard.Virgin America's willingness to sacrifice its chief...

Virgin America has asked regulators to let the start-up...Richard Branson and the Virgin Group.Virgin America declined to comment on a start date...expected to form the initial focus. Virgin America also said it had yet to find a replacement...

Bank of America posted a $1bn loss for the third quarter on Friday, as continuing problems...tone, saying he saw "better days ahead." He had "no doubt that Bank of America will thrive" after his retirement.Mr Lewis said the quarterly loss was...

...billions of dollars in pay at a time when more than one in 10 Americans is unemployed. Below: A delicate balance for the bank that...aggressive trading strategies.As Guy Moszkowski, a Bank of America analyst, asked Mr Blankfein recently: "How does the company...

Large US banks like Citigroup, Bank of America and Wells Fargo stand to receive a surprise first-quarter earnings boost from Thursday's expected loosening of controversial accounting...