We apply a two-particle semi-analytic approach to a single Anderson impurity attached to two biased metallic leads. The theory is based on reduced parquet equations justified in critical regions of singularities in the Bethe-Salpeter equations. It offers a way to treat one-particle and twoparticle thermodynamic and spectral quantities on the same footing. The two-particle vertices are appropriately renormalized so that spurious transitions into the magnetic state of the weakcoupling approximations are suppressed. The unphysical hysteresis loop in the current-voltage characteristics is thereby eliminated. Furthermore, in the linear response regime, we qualitatively reproduce the three transport regimes with the increasing temperature: from the Kondo resonant tunneling through the Coulomb blockade regime up to a sequential tunneling regime. Far from equilibrium, we find that the bias plays a similar role as the temperature in destroying the Kondo resonant peak when the corresponding energy scale is comparable with the Kondo temperature. Besides that, the applied voltage in low bias is shown to develop spectral peaks around the lead chemical potentials as observed in previous theoretical and experimental studies.