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Reuters – JPMorgan Chase & Co and Bank of America led bank stocks lower on Tuesday after mortgage lawsuits filed late on Friday aggravated investor fears that the biggest banks could face massive legal liabilities.

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Reuters – Bank of America Corp shares fell as much as 6.6 percent on Monday, reaching their lowest level in two weeks, as investors fretted about the bank facing additional legal liabilities over mortgages.

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Reuters – U.S. bank stocks declined on Friday as investors sold off shares of some of the largest U.S. lenders amid new fears surrounding the European debt crisis and a U.S. economy showing little new growth.

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• General Growth Properties Inc., the second-biggest shopping mall owner, filed for Chapter 11 protection from creditors.
• JPMorgan, the largest U.S. bank by market value, posting a record of fixed-income trading revenue and saying it can repay U.S. rescue funds. JPMorgan climbed 2.3 percent.
• Americans filed claims for jobless benefits last week even as insured unemployment rose to the highest level in 26 years. Initial claims decreased by 53,000 to 610,000 in the week ended April 11.