Bank of New York Mellon

U.S. Lost $1 Billion To Banks In Last 10 Years Thanks To Tax Shelter

Posted 04.16.2012

Read More: Video, Irs, Bank of New York Mellon, Internal Revenue Service, Bank of New York Irs, Business News, Delaware, Propublica, Tax Evasion, Tax Shelters, Big Banks, Tax Revenue, Business News

By Megan Murphy and Vanessa Houlder, Financial Times and Jeff Gerth, ProPublica In November 2001, Bank of New York, a mid-tier U.S. bank, transfe...

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Whistleblower Documents Shed Light On Case Against Big Bank

Posted 12.28.2011

Read More: Whistleblowers, Video, BNY Mellon, Bank of New York Mellon, Bank-News, Bny Mellon Case, Business News, Bny Mellon Probe, Bank of New York Mellon Corp., Business News

NEW YORK (Reuters) - Confidential whistleblower documents that helped spark a massive state and federal investigation into how Bank of New York Me...

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BofA May Get To Move Its $8.5 Billion Settlement Back To State Court

Posted 12.27.2011

Read More: Bofa Settlement, Bank of New York Mellon, Countrywide Financial, Mortgage Crisis, Bank of America, Toxic Assets, Walnut Place, Metlife, Blackrock, Bofa, Bank of America Settlement, Home Loans, Bank of America Jurisdiction, Video, Business News

(JONATHAN STEMPEL, Reuters) - An appeals court on Tuesday granted an appeal of a controversial ruling that moved consideration of Bank of America ...

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Bank Of New York Mellon Backs Off From Its Plans For Deposit Fee

Posted 11.26.2011

Read More: Interest Rates, Bank Deposits, Bank Fees, BNY Mellon, Bank of New York Mellon, Bank of America, Money Market Funds, Deposit Fee, Bank of America Debit Card Fees, Business News

(JED HOROWITZ, Reuters) - Bank of New York Mellon Corp, which was derided for a plan to charge some of its large corporate and investment manageme...

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New York State Sues Bank Of New York Mellon For Defrauding Clients

Posted 12.04.2011

Read More: Video, Attorney General New York, Eric Schneiderman, Bank of New York Mellon Attorny General, Bank of New York Mellon, Bank of New York Mellon Schneiderman, Business News

NEW YORK - New York's attorney general said on Tuesday he filed a lawsuit against Bank of New York Mellon for defrauding clients in foreign curren...

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BNY Mellon CEO Resigns Due To 'Differences In Approach'

Posted 11.01.2011

Read More: Video, Bank of New York Mellon Ceo, BNY Mellon, Bank of New York Mellon, Robert Kelly, Robert Kelly Bny, CEO Resignations, Business News

BOSTON/NEW YORK (Svea Herbst and Dan Wilchins) - Bank of New York Mellon's (BK.N) Chief Executive Robert Kelly stepped down in a surprise move, be...

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Homeowners Sue Bank Of America To Block Proposed Mortgage Settlement

Posted 10.30.2011

Read More: Bank of America Homeowners, Bank of America Aig, Bank of America Fdic, American International Group Bofa, Bank of New York Mellon, Bofa Homeowners, Business News

NEW YORK (Reuters) - A group of borrowers sued Bank of America Corp to block its proposed $8.5 billion settlement over mortgage-backed securities ...

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The Man Who May Bring the Banksters to Justice (If They Don't Break His Knees First)

Miles Mogulescu | Posted 10.29.2011

Read More: Lloyd Blankfein, Bank Fraud, Bank of America, Obama Wall Street, State Attorneys General, Eric Schneiderman, Countrywide Financial, Bank of New York Mellon, Attorney General Eric Schneiderman, Martin Act, Wall Street Reform, Foreclosure Fraud Investigation, Foreclosure Fraud, Politics News
Miles Mogulescu

New York State Attorney General Eric Schneiderman may go down as the most important public official in reforming the corrupt financial system -- if he can hold out against pressure from Wall Street, the Federal Reserve, and the Obama administration.

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William Alden

New York Federal Reserve Director Provokes Accusations Of Conflict Of Interest

HuffingtonPost.com | William Alden | Posted 10.24.2011

Read More: Kathryn Wylde, Economic Crisis, Bank of America, Federal Reserve, New York City, New York Federal Reserve Bank, JPMorgan Chase, Goldman Sachs, State Attorneys General, Eric Schneiderman, Attorney General, Bank of New York Mellon, Board of Directors, Business News, Financial Crisis, Citigroup, Business News

NEW YORK -- A director of the Federal Reserve Bank of New York, who is supposed to represent the public, has provoked criticism that she has a conflic...

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States Sue Bank Of New York Mellon Over Pension Funds

AP | By LARRY O'DELL | Posted 10.11.2011

Read More: Virginia, Florida, New York Mellon Pension, Bank of New York Mellon, Virginia Retirement System, Pension Funds, Business News

RICHMOND, Va. -- Virginia and Florida are suing the Bank of New York Mellon over the institution's handling of both states' pension funds. The Virgin...

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Bank Of New York Mellon Plans 1,500 Job Cuts Due To Growing Costs

AP | CHRISTINA REXRODE | Posted 11.08.2011

Read More: Bank Layoffs, Financial Industry Layoffs, Bob Kelly, Bank of New York Mellon, Banks Cuts, Banks Expenses, Financial Industry Regulation, Bank Cuts, Banks Regulation, Business News

NEW YORK — Bank of New York Mellon Corp. said Wednesday that it will cut about 1,500 jobs, or 3 percent of its work force, the latest sign of th...

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Bank Plans To Charge Those With 'Extraordinary High' Amounts Of Cash

AP | By PALLAVI GOGOI | Posted 10.05.2011

Read More: Rich Fees, Stock Market Fear, Financial Reform, Bank of New York Mellon, Deposit Banks, Rich Charge, Weird Bank Rule, Mellon Deposits, Business News

NEW YORK -- Bank of New York Mellon Corp. said Thursday that it will charge its customers a fee to hold cash deposits over $50 million. The bank said...

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Shahien Nasiripour

New York Attorney General Accuses Bank Of New York Mellon Of Fraud, Moves To Block Bank Of America's Mortgage Deal

HuffingtonPost.com | Shahien Nasiripour | Posted 10.04.2011

Read More: Foreclosures, Eric Schneiderman, Bank of New York Mellon, Countrywide Financial, Bank of America, Mortgage-Backed Securities, New York Attorney General, Business News

WASHINGTON -- New York Attorney General Eric Schneiderman asked a state judge to reject a proposed $8.5 billion settlement agreement over soured loans...

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Breakup Of Mega-Banks May Now Be A Feasible Option

The New York Times | Jesse Eisinger | Posted 09.26.2011

Read More: Lloyd Blankfein, JP Morgan Chase, Merrill Lynch, Goldman Sachs, JP Morgan, Wells Fargo, Bank of New York Mellon, Bank of America, Jamie Dimon, Morgan Stanely, Citigroup, Business News

What was made can be unmade. JPMorgan Chase and Wells Fargo may have venerable names, but they and the pseudo-venerable Citigroup and Bank of Ameri...

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SEC Probing Whether Banks Overcharged Customers For Trades

Posted 07.24.2011

Read More: Foreign Exchange Trading, Sec, Currency Trading, Securities and Exchange Commission, State Street, Bank of New York Mellon, Forex Trading, Business News

The Securities and Exchange Commission (SEC) is probing whether two major banks made proper representations to pension-fund clients about how thei...

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Big Institutional Investor Being Investigated By SEC

Posted 07.12.2011

Read More: Foreign Exchange Trading, Mutual Funds, Whistleblower, Hedge Funds, State Street, Bank of New York Mellon, Sec, Forex, Securities and Exchange Commission, Massachusetts, Business News

State Street Corp, the world's third largest institutional investor, said it was under investigation by the Securities and Exchange Commission (SE...

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Salvation Army Sues Bank For Risky Lehman Brothers, AIG Investments

New York Times | Stephanie Strom | Posted 06.04.2011

Read More: Aig, Salvation Army, Cit Group, Lehman Brothers, Bank of New York Mellon, Charity, Impact News

The southern division of the Salvation Army filed suit against the Bank of New York Mellon on Friday for almost $22 million, contending that the bank ...

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State Pension Funds May Have Been Overcharged By Banks For Trades

Posted 05.25.2011

Read More: Currency Trading, State Street Corp., Fx Analytics, Bank of New York Mellon, State Pension Funds, Pension Fund Currency Probe, Forex Trading, Pension Funds Foreign Exchange Trading, Pension Funds, Business News

Prosecutors assisted by whistleblowers are widening an investigation into whether banks overcharged public pension funds in the United States by t...

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What Buffett Is Buying: A Look At Berkshire Hathaway's Portfolio

24/7 Wall St. | Posted 05.25.2011

Read More: Berkshire Hathaway, American Express, General Electric, Bank of New York Mellon, Exxon Mobil, Cisco, Bank of America, Warren Buffett Stock Holdings, Warren Buffett Stock Portfolio 2010, Coca Cola, Warren Buffett Stock Picks, Business News

Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett have just released the latest holdings of U.S.-listed equities as of September 30, 201...

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BofA CEO Search: Bob Kelly, Bank Of New York CEO, Won't Take Job

charlotteobserver.com | Rick Rothacker and Christina Rexrode | Posted 05.25.2011

Read More: Bank of America, Charlotte-North Carolina, Ken Lewis, Bob Kelly, Wachovia, Bank of New York Mellon, BofA CEO, Bofa, Business News

Add Bob Kelly to the list of financial services executives who aren't clamoring for the top job at Bank of America Corp. The Bank of New York Mellon ...

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Goldman, Banks Cheer Escape From TARP Restrictions

nytimes.com | ERIC DASH | Posted 05.25.2011

Read More: American Express, Goldman Sachs, TARP Repayments, Morgan Stanley, Bank of New York Mellon, Troubled Asset Relief Program, Bailout, Tarp, Business News

None of the banks' executives crowed publicly, but some of their employees celebrated Tuesday night. At an outdoor cafe on Stone Street, near Goldman'...

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BlackRock Faces Off Against BNY Mellon For Biggest Money Manager

Bloomberg | Christopher Condon and Sree Vidya Bhaktavatsalam | Posted 05.25.2011

Read More: Barclays BlackRock, BNY Mellon, BlackRock BNY Mellon, BlackRock Bank of NY Mellon, Blackrock, Biggest Money Managers, Money Managers, Barclays, Barclays Bank, Blackrock Bnymellon Barclays, Bank of New York Mellon, BlackRock Barclays, Business News

May 18 (Bloomberg) -- BlackRock Inc. and Bank of New York Mellon Corp. are competing to become the world's biggest money manager as stock markets show...

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Amex, JPMorgan, Bank of New York Mellon Pass Stress Tests

AP | DANIEL WAGNER and SARA LEPRO | Posted 05.25.2011

Read More: Stress Tests, Amex Passes Stress Tests, Economy, Amex, Jpmorgan, Treasury, Bank of New York Mellon, Jpmorgan Passes Stress Test, Financial Crisis, Bank of New York Mellon Passes Stress Tests, Tim Geithner, Business News

WASHINGTON — Leaked results of the government's stress tests of 19 large banks are boosting investor confidence in the financial sector. America...

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Sununu Has Conflicting Interests Between TARP Oversight And Bank Board Membership

Talking Points Memo | Posted 05.25.2011

Read More: Tarp, Sununu, John Sununu, Senator John Sununu, TARP Money, Bank of New York Mellon, Politics News

John Sununu, who serves on the Congressional Oversight Panel monitoring the government's bailout program, has joined the board of a subsidiary to Bank...

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TARP Recipients Testifying For Congressmen They Bankrolled

Open Secrets | Posted 05.25.2011

Read More: Tarp, Troubled Assets Relief Program, Spence Bachus, TARP Money, Melvin Watt, Wells Fargo, Barney Frank, Bank of America, Campaign Donations, Goldman Sachs, JPMorgan Chase, Jim Himes, Morgan Stanley, Bank of New York Mellon, State Street Corporation, House Financial Services Committee, Citigroup, Politics News

The eight CEOs testifying Wednesday before the House Financial Services Committee about how their companies are using billions of dollars in bailout f...

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