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Bank of New York Mellon Corp

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  • April 22- BNY Mellon Corp said Wednesday first-quarter earnings rose 16 percent, beating Wall Street estimates, as the bank lowered expenses and saw revenue from trading foreign currencies surge from year-ago levels. BNY Mellon Chief Executive Gerald Hassell has been under pressure from hedge fund activists unhappy with expense controls and profit growth...

  • The words of criticism and support came from Ed Garden, who joined BNY Mellon's board in December. Garden is a senior executive at Trian Fund Management LP, the activist hedge fund run by billionaire Nelson Peltz that owns about 2.6 percent of BNY Mellon's stock. Earlier this month, activist hedge fund Marcato Capital Management said BNY Mellon's employee base...

  • NEW YORK, April 14- BNY Mellon Corp CEO Gerald Hassell on Tuesday received support and a rebuke from one of the bank's newest board members. Trian Fund Management's Ed Garden, who joined the bank's board about four months ago, said nobody on the board is satisfied with BNY Mellon's past performance under Hassell's leadership. Garden, who made his remarks at BNY...

  • GARDEN SAYS NOBODY ON THE BOARD IS SATISFIED WITH BNY MELLON'S WITH PAST PERFORMANCE OF THE BNY MELLON.

  • BNY MELLON CEO HASSELL SAYS,' WE KNOW THERE ARE THINGS WE HAVE TO DO BETTER' AT ANNUAL MEETING.

  • The hedge funds, dubbed vultures by Argentina's leftist government, argued the court could not hear an appeal until Griesa sanctions Argentina, something the Manhattan judge has yet to do. Argentina indicated it was prepared to take its case to an international court if Griesa took further measures against Latin America's third biggest economy.

  • Marcato, which owns about 1.6 percent of BNY Mellon's stock, previously has called for the ouster of Chief Executive Gerald Hassell, saying he has missed profit targets and has failed to streamline the bank's expense base. Marcato, a $3 billion fund led by Richard McGuire, said BNY Mellon rivals, including State Street Corp, Vanguard Group and BlackRock Inc, have...

  • Marcato, which owns about 1.6 percent of BNY Mellon's stock, previously has called for the ouster of Chief Executive Gerald Hassell, saying he has missed profit targets and has failed to streamline the bank's expense base. Marcato, a $3 billion fund led by Richard McGuire, said BNY Mellon rivals, including State Street Corp, Vanguard Group and BlackRock Inc, have...

  • NEW YORK, April 7- A U.S. court on Tuesday dismissed as premature Argentina's appeal of a federal 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. The 2nd U.S. Circuit Court of Appeals in New York ruled that Argentina's appeal of U.S. The hedge funds argued the...

  • April 7- Business software maker Informatica Corp said it would be bought for about $5.3 billion by private equity firms Permira Funds and Canada Pension Plan Investment Board, in the biggest U.S. leveraged buyout so far this year. Informatica shareholders will get $48.75 per share in cash. The stock rose 4 percent on Monday after Reuters reported that...

  • WASHINGTON, March 30- The U.S. Supreme Court on Monday left intact a ruling that prevents plaintiffs from suing banks that they say aided and abetted convicted fraudster Bernie Madoff. The high court declined to hear two separate appeals filed by investors in foreign investment vehicles that lost money when Madoff's the Ponzi scheme collapsed in 2008. They...

  • The young & the restless: 6 who are hot Friday, 27 Mar 2015 | 6:50 AM ET
    Jeffrey Smith, Starboard Value

    Corporate boards, meet the next Bill Ackmans and Carl Icahns of the world.

  • NEW YORK/ BOSTON, March 26- At the prompting of at least one director of Bank of New York Mellon Corp, an executive recruiting firm has come up with a list of potential candidates to replace embattled CEO Gerald Hassell, two people familiar with the matter told Reuters. The overture to Fleming does not appear to represent an official search effort by BNY Mellon's...

  • "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...

  • Ocwen responds to mortgage pool allegations Monday, 23 Mar 2015 | 7:38 AM ET
    Mortgage applications

    Ocwen Financial has rebutted allegations that the company was responsible for poor mortgage-servicing practices, the Wall Street Journal reported.

  • 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...

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks jumped about 1 percent to close near highs, continuing several days of alternating gains and losses as investors weighed a weaker dollar.

  • Futures higher as Street eyes earnings, Fed speakers Friday, 20 Mar 2015 | 8:22 AM ET
    An employee handles a jewel ring at the Tiffany and Co jewellery store.

    U.S. stock index futures pointed to a sharply higher open, as investors digested earnings reports and awaited speeches by two U.S. Fed policymakers.