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Bank of New York Mellon Corp

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  • NEW YORK, July 28- Argentina has fought in court for a dozen years against the claims of holdout investors in its defaulted debt, and Argentina has lost. Argentina defied court-ordered demands to pay all its bondholders by a June 30 deadline, and a 30- day grace period runs out this week.

  • BUENOS AIRES/ NEW YORK, July 28- Argentina on Tuesday will meet the U.S. mediator in its battle with' holdout' debt investors suing the country for last-minute talks to avert its second default this century.

  • Argentina in last-ditch effort to avert default Monday, 28 Jul 2014 | 9:04 AM ET

    But the mediator, Daniel A. Pollack, said in a statement that while the Argentines would meet him, they had not yet accepted his recommendation of face-to-face talks with the plaintiffs in the dispute, led by New York billionaire Paul Singer's NML Capital Ltd.. District Judge Thomas Griesa has forbidden Argentina to pay them unless it also pays the holdouts.

  • NEW YORK, July 25- Argentina, out of legal options to avoid paying a court-awarded $1.33 billion plus interest to holdout creditors who twice spurned a restructuring offer, has until July 30 to either pay them, negotiate a settlement or default.

  • NEW YORK/ BUENOS AIRES, July 23- Argentina will keep talking to "holdout" investors suing the country for full payment on their bonds, but its demands should not be trivialized as whims, its president said on Wednesday.

  • NEW YORK, July 23- A court-appointed mediator in the Argentina debt dispute said he had to push back by a day the start of the latest round of settlement talks on Wednesday because the Argentine delegation "could not get here in time."

  • NEW YORK, July 22- A U.S. judge ordered Argentina and investors who did not participate in the country's past debt restructurings to meet "continuously" with a court-appointed mediator until a settlement is reached, warning of the threat of a new default.

  • NY judge orders 24-7 Argentina debt talks Tuesday, 22 Jul 2014 | 12:45 PM ET

    NEW YORK— A federal judge Tuesday ordered around-the-clock negotiations aimed at averting a second debt default by Argentina in 13 years, saying a default would hurt "real people."

  • NEW YORK, July 22- A leading holdout investor in Argentina's debt battle said Tuesday that the country still has no interest in negotiations, just hours before a hearing on previous orders requiring the country pay holdout bondholders. Late Monday, Argentina asked U.S.

  • NEW YORK, July 21- Argentina asked a U.S. judge on Monday to put on hold an order requiring it to pay bondholders who did not participate in debt restructurings following the country's 2002 default, while it seeks a "global resolution."

  • NEW YORK, July 21- Argentina asked a U.S. judge on Monday to put on hold an order requiring it to pay bondholders who did not participate in debt restructurings following the country's 2002 default, while it seeks a "global resolution."

  • Bank of New York Mellon 2Q profit falls on charges Friday, 18 Jul 2014 | 8:44 AM ET

    NEW YORK— Bank of New York Mellon Corp.' s second-quarter net income dropped 33 percent, hurt by lower revenue and some charges. The New York- based trust bank said Friday that net income after dividends on preferred stock declined to $554 million, or 48 cents per share, from $831 million, or 71 cents per share, a year ago.

  • Early movers: SHPG, GE, AMZN, FDX, GOOG & more Friday, 18 Jul 2014 | 7:51 AM ET
    A trader works on the floor of the New York Stock Exchange.

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

  • NEW YORK, July 16- A U.S. judge said in New York on Wednesday that he would hear arguments next Tuesday related to the banks and payment agents caught up in Argentina's sovereign debt case as a potential default looms at the end of the month.

  • NEW YORK, July 16- Bank of America Corp agreed to pay the insurer American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities that the bank sold in the run-up to the financial crisis.

  • BofA pays AIG $650 million to settle mortgage disputes Wednesday, 16 Jul 2014 | 7:56 AM ET

    NEW YORK, July 16- Bank of America agreed to pay American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis.

  • *Espirito Santo shares hit record new low. LONDON, July 15- European stocks and the euro fell on Tuesday after shares in Portugal's biggest listed bank hit a record low, while a plunge in German economic sentiment pushed up borrowing costs for some peripheral euro zone countries.

  • *Sterling rises after UK inflation jumps. LONDON, July 15- The euro fell on Tuesday, after Germany's ZEW survey suggested a shaky start for Europe's largest economy in the third quarter while lingering problems about Portugal's largest listed bank kept investors wary of the single currency.

  • The pan-European FTSEurofirst 300 share index rose 0.1 percent, with benchmark indexes in Frankfurt, Paris and London trading flat to 0.3 percent higher, held back by a weaker technology sector as Germany's Software AG fell 15 percent after cutting forecasts.

  • LONDON, July 15- The yen eased on Tuesday after the Bank of Japan sounded some cautious notes on growth but stopped well short of hinting at a new bout of money-printing.