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Bank of New York Mellon Corp

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  • Bank of New York Mellon posts 4Q profit Friday, 23 Jan 2015 | 6:45 AM ET

    NEW YORK— Bank Of New York Mellon Corp. on Friday reported fourth-quarter net income of $831 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. Analysts expected $3.78 billion, according to Zacks.

  • Mario Gabelli: I'm buying these stocks Thursday, 15 Jan 2015 | 8:36 AM ET
    Mario Gabelli

    Value investor Mario Gabelli told CNBC he's buying stocks in these three financial institutions.

  • Switzerland stuns markets by giving up on currency peg Thursday, 15 Jan 2015 | 4:46 AM ET

    The Swiss franc achieved a turbo-charged lift Thursday after the Swiss National Bank, or SNB, ditched an increasingly expensive policy to limit the export-sapping rise of the currency. The decision by the SNB to call time on its efforts to prevent the euro from trading below 1.20 francs was a huge surprise and came amid mounting speculation that the European...

  • Most of Bill Gross's Janus money came from... Thursday, 8 Jan 2015 | 6:49 AM ET
    Bill Gross during CNBC interview

    More than 60 percent of the money raised by Bill Gross for Janus Capital came from a Morgan Stanley wealth management office.

  • Jan 7- More than 60 percent of the roughly $1.1 billion raised by Bill Gross for Janus Capital Group Inc came from a Morgan Stanley wealth management office in California, the Wall Street Journal reported on Wednesday, citing industry executives who have viewed confidential brokerage data. The wealth management office in La Jolla, California, which employs one...

  • Jan 7- More than 60 percent of the roughly $1.1 billion raised by Bill Gross for Janus Capital Group Inc came from a Morgan Stanley wealth management office in Southern California, the Wall Street Journal reported, citing industry executives who have viewed confidential brokerage data. Bill Gross left PIMCO to join Janus Capital in September.

  • Jan 6- Raymond James Investment Advisors, a division of Raymond James Financial Inc, said it hired two advisers from Bank of New York Mellon Corp to form an advisory firm based in Tampa, Florida. Raymond Ifert, who managed $850 million in client assets at BNY Mellon's Tampa office, will head the firm, REI Wealth Management. A spokeswoman for BNY Mellon confirmed...

  • Economist: Don't worry about US economy until... Wednesday, 31 Dec 2014 | 12:34 PM ET
    Traders work on the floor of the New York Stock Exchange, October 15, 2014.

    Investors will see a number of chickens come home to roost in 2018, economist Richard Hoey says.

  • Here's what will drive stocks higher next year Wednesday, 31 Dec 2014 | 9:46 AM ET
    Trader on the floor of the New York Stock Exchange.

    An increase in stock valuations, Fed policy and a continuing U.S. economic expansion will be factors in 2015, experts say.

  • NEW YORK, Dec 23- A U.S. appeals court on Tuesday threw out most of the claims in an investor lawsuit against Bank of New York Mellon Corp as trustee for subpar mortgage-backed securities involved in an $8.5 billion settlement by Bank of America Corp.. The 2nd U.S. Circuit Court of Appeals in New York said Bank of New York Mellon did not have to face claims stemming...

  • Dec 16- A former bond trader was sentenced to 2-1/ 2 years in prison Tuesday after admitting to manipulating prices of mortgage debt, causing a $9 million loss at a unit of Bank of New York Mellon Corp.. Prosecutors said Green entered fake CMO sales into the trading system of BNY Mellon's Pershing LLC clearing unit, which handled Crocker trades and related...

  • LONDON, Dec 12 (Reuters- Norway's crown plunged to its lowest in more than a decade against the dollar on Friday, a day after its central bank unexpectedly cut interest rates to boost growth as oil prices slid further. Norges Bank said lower oil prices were behind Thursday's 25 basis point rate cut, and that it could well ease policy further. "Another big drop in the oil...

  • JPMorgan faces $22B capital hole under new Fed rules Tuesday, 9 Dec 2014 | 10:44 PM ET
    A sign hangs on One Chase Plaza in lower Manhattan.

    JPMorgan Chase has a $22 billion capital hole under new rules proposed by the Federal Reserve on Tuesday, a blow to a bank. The Financial Times reports.

  • Fed passes capital surcharges for major banks Tuesday, 9 Dec 2014 | 4:26 PM ET
    Federal Reserve Chair Janet Yellen

    These surcharges would be for the eight top-tier banks with $50 billion or more in consolidated assets.

  • Banks don't want these clients' cash: Report Monday, 8 Dec 2014 | 10:34 AM ET
    File photo: A woman leaves JP Morgan Chase & Company headquarters in New York, August 14, 2013

    New government rules make extra cash a burden for banks, which have urged major clients to take their deposits elsewhere or face fees, the WSJ said.

  • LONDON, Dec 3- Ukrainian companies are struggling with foreign debt repayments, hit by the hryvnia's 45 percent fall this year, slumping revenues caused by economic recession and the conflict in the east of the country. First Ukrainian International Bank- Asked creditors for maturity extension on its $250 million bond due December 2014, to increase the tenor to...

  • At BNY, Trian scores another win for activists Wednesday, 3 Dec 2014 | 11:47 AM ET
    The Bank of New York Mellon on Wall Street, New York.

    Activist investor Trian Fund Management secured another partial victory on Tuesday by landing a seat on the board of BNY Mellon.

  • Midday movers: Biogen Idec, Priceline, BP & more Tuesday, 2 Dec 2014 | 12:43 PM ET

    Some of Tuesday's midday movers

  • Trian said in June that it had built a $1 billion stake in BNY Mellon, according to filings with the U.S. Securities and Exchange Commission. Garden, who also serves on the boards of Wendy's Co and Family Dollar Stores Inc, will join the human resources& compensation committee and the risk committee of BNY Mellon's board. The announcement comes days after activist...

  • Dec 2- Bank of New York Mellon said it elected Ed Garden, a founding partner of activist investor Trian Fund Management LP, to its board. Trian owned a 2.57 pct stake in BNY Mellon, as of Sept. 30. Garden, also the chief investment officer of Trian, formed the investment firm along with Nelson Peltz and Peter May in 2005..