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Bank of New York Mellon Corp

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  • LONDON, Nov 14- The yen slid to a seven-year low against the dollar on Friday as investors bumped up their bets on Japan's Prime Minister Shinzo Abe calling an early election and delaying a hike in sales tax. The euro also slipped slightly against the dollar after data from Germany and France showed weak third quarter growth, and Italy remained stuck in recession.

  • BOSTON, Nov 13- Hedge fund Marcato Capital Management has bought a 1.6 percent stake in the Bank of New York Mellon, becoming the second prominent activist investor in recent months to disclose a position in the world's largest custody bank, according to a regulatory filing. San Francisco- based Marcato's stake is valued at $688 million, making it the biggest...

  • Clarification: Dendreon-Chapter 11 Filing story Tuesday, 11 Nov 2014 | 1:43 PM ET

    In a story Nov. 10, The Associated Press reported that Bank of New York Mellon was listed as the largest creditor in a Chapter 11 bankruptcy court filing involving the drugmaker Dendreon Corp. BNY Mellon administers $620 million in notes for investors; it does not own them.

  • NEW YORK, Nov 10- A U.S. judge ruled on Monday that Citigroup Inc could process an $85 million interest payment by Argentina on bonds issued under its local laws following its 2002 default. District Judge Thomas Griesa in New York said Citigroup could process the Dec. 31 payment it receives on U.S. dollar-denominated Argentine law bonds. Citigroup has said it faces...

  • NEW YORK, Nov 7- Argentina, already in default, could see its financial troubles worsen as creditors holding billions of dollars in debt prepare to demand immediate payment, new court filings in New York show. District Judge Thomas Griesa granted to U.S. hedge funds that spurned Argentina's debt restructurings in 2005 and 2010, and then sued for full repayment of...

  • NEW YORK, Nov 7- Bank of America Corp and US Bancorp have reached a $69 million settlement in a class action lawsuit over their roles as trustees for securities backed by risky mortgages from Washington Mutual Inc, which failed in 2008.. Both defendants denied liability, and Bank of America would make the $69 million cash payment on behalf of itself and US Bancorp,...

  • NEW YORK, Nov 7- Argentina, already in default on large amounts of debt, could see its financial troubles worsen as 52 creditors holding more than $4.4 billion in defaulted debt prepare to demand immediate payment, new court filings in New York show. In a letter to Griesa filed late Thursday, Carmine Boccuzzi, a lawyer for Argentina, argued many of the plaintiffs are...

  • NEW YORK, Nov 7- Bank of America Corp and US Bancorp have reached a $69 million settlement of litigation over their roles as trustees for securities backed by home loans from Washington Mutual Inc, which failed in 2008.. Both defendants denied liability, and Bank of America would make the $69 million cash payment on behalf of itself and US Bancorp, the papers show.

  • Investment firms including George Soros's Quantum Partners, Knighthead Master Fund and Hayman Capital, have filed a lawsuit in the UK asking the court to declare that the interest payments are subject to English law and that any attempt by a foreign court to modify contracts governing them would be ineffective. Although defendant Bank of New York Mellon Corp...

  • NEW YORK, Nov 4- Argentina has filed papers to appeal a U.S. judge's order finding the country in contempt for taking steps to evade his orders in a long-running dispute with hedge funds suing over defaulted debt. Argentina late on Monday filed a notice of an appeal of a contempt finding by U.S. Argentina defaulted in July after refusing to honor court orders to pay...

  • ARGENTINA FAILED TO TRANSFER COUPON PAYMENT ON US DOLLAR, EURO PAR BONDS- BNY MELLON.

  • NEW YORK, Oct 24- A U.S. judge has delayed by a week a December hearing to consider whether Citigroup Inc should be allowed to process an interest payment by Argentina on bonds issued under its local laws following its 2002 default. An interest payment is due Dec. 31 by Argentina on U.S. dollar-denominated bonds issued under its local laws. Citigroup has said it faces...

  • Bank earnings: Lawsuit costs loom for some Monday, 13 Oct 2014 | 3:03 PM ET
    The reflection of pedestrians is seen in the window of a Bank of America branch in New York.

    Performance for the third quarter could rest as much on what happened in the courtroom as the boardroom.

  • NEW YORK, Oct 10- A court-appointed mediator said Friday he would hold a meeting next week between lawyers for Argentina and creditors suing the country in a longstanding dispute over defaulted debt. Argentina defaulted in July for the second time in 12 years after refusing to honor court orders to pay $1.33 billion plus interest to bondholders- a group of hedge...

  • The request would be based on the role of the two institutions in helping Argentina circumvent the US jurisdiction in September by depositing a coupon payment due on its restructured bonds at an account opened by the central bank at Nacion Fideicomisos, a subsidiary of Banco Nacion instead of at trustee bank New York Mellon. US court judge Thomas Griesa in...

  • Dollar slides to two-week low vs euro on Fed minutes Wednesday, 8 Oct 2014 | 3:34 PM ET

    The dollar fell to a two-week low against the euro on Wednesday after the minutes of the latest Fed meeting focused on risks to the U.S. economy.

  • In a rare move, District Judge Thomas Griesa held Argentina in contempt earlier this week, saying its attempts to pay holders of the bonds it restructured in 2005 and 2010 debt swaps locally were "illegal." The judge prevented Argentina in June from making a coupon payment to exchange bondholders because of his earlier ruling that the South American country...

  • NEW YORK, Oct 1- After spending two years developing a wide-ranging communications tool for Wall Street, Goldman Sachs Group Inc says it has reached the perfect pitch.

  • Sept 30- Bank of New York Mellon Corp will exit the derivatives sales and trading business that operates as part of the company's global markets group. "Global Markets will offer a modified version of its cash rates offering to support BNY Mellon's investment services clients," company spokesman Ron Summer said in an email.

  • Sept 30- Bank of New York Mellon Corp told a group of employees on Tuesday that it is shutting its derivatives sales and trading business, Bloomberg reported. The decision affects about 50 people, almost all in New York, Bloomberg said, citing a person familiar with the matter.