iOS app Android app

Bank of New York Mellon

Shahien Nasiripour

Biggest Banks Have 'Little To Cheer' As U.S. Tightens Rules

HuffingtonPost.com | Shahien Nasiripour | Posted 07.03.2013 | Politics

Big banks were warned of further government-inflicted pain, small banks won concessions and mortgage lenders were granted a reprieve as the Federal Re...

G20: 'We Refuse To Enter Any Currency War'

Reuters | Posted 04.18.2013 | Business

* Underlines need to restore growth over cutting debts * Japan escapes criticism over currency policy * Communique harde...

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

Posted 04.16.2012 | Business

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...

Whistleblower Documents Shed Light On Case Against Big Bank

Posted 12.28.2011 | Business

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

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

Posted 12.27.2011 | Business

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

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

Posted 11.26.2011 | Business

(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...

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

Posted 12.04.2011 | Business

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...

BNY Mellon CEO Resigns Due To 'Differences In Approach'

Posted 11.01.2011 | Business

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...

Homeowners Sue Bank Of America To Block Proposed Mortgage Settlement

Posted 10.30.2011 | Business

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

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

Miles Mogulescu | Posted 10.29.2011 | Politics
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.

William Alden

New York Federal Reserve Director Provokes Accusations Of Conflict Of Interest

HuffingtonPost.com | William Alden | Posted 10.24.2011 | Business

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...

States Sue Bank Of New York Mellon Over Pension Funds

AP | By LARRY O'DELL | Posted 10.11.2011 | Business

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...

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

AP | CHRISTINA REXRODE | Posted 11.08.2011 | Business

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...

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

AP | By PALLAVI GOGOI | Posted 10.05.2011 | Business

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...

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 | Business

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

Breakup Of Mega-Banks May Now Be A Feasible Option

The New York Times | Jesse Eisinger | Posted 09.26.2011 | Business

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...

SEC Probing Whether Banks Overcharged Customers For Trades

Posted 07.24.2011 | Business

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

Big Institutional Investor Being Investigated By SEC

Posted 07.12.2011 | Business

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

Salvation Army Sues Bank For Risky Lehman Brothers, AIG Investments

New York Times | Stephanie Strom | Posted 06.04.2011 | Impact

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 ...

State Pension Funds May Have Been Overcharged By Banks For Trades

Posted 05.25.2011 | Business

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

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

24/7 Wall St. | Posted 05.25.2011 | Business

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...

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 | Business

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 ...

Goldman, Banks Cheer Escape From TARP Restrictions

nytimes.com | ERIC DASH | Posted 05.25.2011 | Business

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

BlackRock Faces Off Against BNY Mellon For Biggest Money Manager

Bloomberg | Christopher Condon and Sree Vidya Bhaktavatsalam | Posted 05.25.2011 | Business

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...

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

AP | DANIEL WAGNER and SARA LEPRO | Posted 05.25.2011 | Business

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