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Bank of New York Mellon Corp

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  • "Toxic Trio" becomes duet as Argentina dollar bonds rally Wednesday, 25 Mar 2015 | 12:06 PM ET

    LONDON, March 25- Investors who have shunned the high-yielding dollar bonds of the " Toxic Trio" of Argentina, Venezuela and Ukraine may be kicking themselves after a strong Argentine rally over the last year. "The Toxic Trio is actually now the Toxic Duet because Argentina has done very well and gave up their membership this past year," said Edwin Gutierrez, head of...

  • March 23- Ocwen Financial Corp rejected allegations of poor mortgage servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification...

  • March 23- Ocwen Financial Corp refuted allegations of poor mortgage-servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification...

  • March 23- Ocwen Financial Corp has rebutted allegations that the company was responsible for poor mortgage-servicing practices and argued it should not be removed as a servicer on mortgage pools, the Wall Street Journal reported. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and trustees in January, alleging improper loan...

  • March 19- Bank of New York Mellon Corp has agreed to pay $714 million to resolve cases accusing the bank of overcharging pension funds and other clients for foreign exchange services, U.S. federal and state authorities said on Thursday. Attorney and New York attorney general, among others, that claim BNY Mellon told clients it would provide the best possible...

  • ALBANY, N.Y.— New York and federal authorities reached a $714 million settlement Thursday with Bank of New York Mellon in lawsuits alleging the bank fraudulently represented rates for client currency transactions for a decade. New York Attorney General Eric Schneiderman and U.S. "But Bank of New York Mellon misled customers and traded at their expense."

  • Dollar closer to euro parity, DXY up about 1% Friday, 13 Mar 2015 | 3:38 PM ET

    The euro extended its losses against the greenback on Friday as it traded under $1.05.

  • Four top trades to go before the closing bell Thursday, 12 Mar 2015 | 1:27 PM ET

    The "Halftime Report" traders give their top trades for the 2nd half of the trading day.

  • Santander, Deutsche Bank units fail stress tests Wednesday, 11 Mar 2015 | 5:36 PM ET
    Santander bank branch

    The Fed objected to capital plans from U.S. units of Deutsche Bank and Santander in the second part of its stress test.

  • BNY Mellon CEO Hassell has got to go: Activist Tuesday, 10 Mar 2015 | 3:29 PM ET
    Mick McGuire, founder and Managing Member of Marcato Capital Management.

    In a blistering critique of what it perceives as BNY Mellon's many shortcomings, Marcato Capital Management demanded the CEO's replacement.

  • Activists give hedge funds best returns in a year Tuesday, 10 Mar 2015 | 9:15 AM ET
    Bill Ackman

    Hedge funds are back in the black for 2015 and some familiar strategies are leading the way.

  • NEW YORK, March 5- A New York state appeals court on Thursday approved Bank of America Corp's $8.5 billion settlement with mortgage securities investors in its entirety. Bank of America had agreed to the 2011 settlement with 22 institutional investors including BlackRock Inc, MetLife Inc and Allianz SE's Pacific Investment Management Co to resolve claims...

  • NEW YORK, March 5- Bank of America Corp's proposed $8.5 billion settlement with investors in mortgage-backed securities has upheld by a New York state appeals court. In a ruling on Thursday, the Manhattan appellate court said the bond trustee, Bank of New York Mellon Corp, did not abuse its discretion in negotiating the settlement. Bank of America struck the deal...

  • Too big to fail banks just keep getting bigger Thursday, 5 Mar 2015 | 11:49 AM ET
    JPMorgan Chase headquarters, New York.

    Too big to fail? It may turn out that the biggest banks in the U.S. are too big to break up.

  • Early movers: LOW, DHR, HTZ, CHK, HPQ & more Wednesday, 25 Feb 2015 | 7:54 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • BUENOS AIRES, Feb 19- The mediator in the case brought by investors who rejected Argentina's 2005 and 2010 debt restructurings said on Thursday that the "holdout" investors offered to reopen talks with Buenos Aires, and the government said it was considering the offer. The case is part of years long, cross-border litigation following Argentina's sovereign debt...

  • BUENOS AIRES, Feb 19- The mediator in the case brought by investors who rejected Argentina's 2005 and 2010 debt restructurings said on Thursday that the "holdout" investors offered to reopen talks with Buenos Aires, but the government had not responded. New York- based mediator Daniel Pollack said in a statement that the hedge funds involved in earlier talks...

  • TIMELINE-Indonesia's Bakrie Telecom restructuring process Wednesday, 18 Feb 2015 | 4:00 PM ET

    BACKGROUND Bakrie Telecom Tbk set up a special purpose vehicle- Bakrie Telecom Pte Ltd- to sell a $380 million bond in New York in 2010. The bond matures in May 2015 and bears an 11.5 percent coupon. Bakrie Telecom Tbk guarantees the bond while Bakrie Telecom Pte Ltd lends the proceeds to the listed parent company under an inter-company loan agreement.

  • LONDON, Feb 18- Sterling was the biggest mover on major currency markets on Wednesday, driven higher by the latest in a batch of more optimistic signals on Britain's economic prospects ahead of elections in May. In Europe, all eyes remained on Greece and the associated risks to the euro while the yen steadied after a jump driven by the Bank of Japan's confirmation...

  • Feb 17- BNY Mellon Corp, the world's No. 1 custody bank, said it included an additional after-tax legal expense of $598 million to its reported fourth-quarter results, anticipating resolution of foreign exchange-related actions and other matters. The expense would lower net income to $209 million, or 18 cents per share, from previously stated $807 million, or 70...