Stocks Bank of New York Mellon Corp

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  • Trader on the floor of the New York Stock Exchange.

    U.S. stock index futures pointed to a higher opening Thursday amid ECB President Mario Draghi's press conference.

  • Bank of New York Mellon Corp and units of Deutsche Bank AG, Wells Fargo& Co and HSBC Holdings Plc were named in the lawsuits filed on Wednesday and Thursday in Manhattan federal court. BNY Mellon was the trustee for over $1 billion in mortgage-backed securities bought by Commerzbank and $1.3 billion of investments tied to a collateralized debt obligation,...

  • Bank of New York Mellon Corp and units of Deutsche Bank AG, Wells Fargo& Co and HSBC Holdings Plc were named in the lawsuits filed on Wednesday in Manhattan federal court. BNY Mellon was the trustee for over $1 billion in mortgage-backed securities bought by Commerzbank and $1.3 billion of investments tied to a collateralized debt obligation, Millstone II CDO,...

  • COLUMN-Fed rates have changed, regime hasn't: James Saft Wednesday, 16 Dec 2015 | 4:40 PM ET

    Dec 16- The Federal Reserve ended seven years of zero interest rates today but very little else changed, a verdict broadly endorsed by rallying financial markets. That's not only very likely just as the Fed wants it, but points to continued easy conditions, ones which may not prompt any acceleration in growth or inflation but will remain reasonably comfortable...

  • S&P cuts ratings on big US banks' parent companies Wednesday, 2 Dec 2015 | 8:00 PM ET
    A Bank of America branch in Laguna Beach, California.

    S&P cut its ratings on the holding companies behind eight key U.S. banks, citing uncertainty about government support.

  • U.S.-listed Chinese shares fall ahead of MSCI inclusion Wednesday, 11 Nov 2015 | 4:37 PM ET

    NEW YORK, Nov 11- Chinese stocks that trade on U.S.-listed exchanges were mostly lower on Wednesday, even as investors expect indexer MSCI to add some well-known company stocks to its emerging market indexes. Lack of transparency has kept so-called China "A" shares, which trade in mainland China, from MSCI's major world indexes. "U.S. listed Chinese companies are...

  • LONDON, Nov 10- Signs are the next month will bring a third attack on the $1.0450 barrier that halted the dollar's rise against the euro earlier this year and positioning data indicates the bulls will have a stronger hand this time than in March or April. Most players in the interbank foreign exchange market-- except Britain's HSBC-- have been calling for a move...

  • Citigroup among 8 top US banks facing rating cut Tuesday, 3 Nov 2015 | 7:46 AM ET
    Citibank

    Top US banks like Citigroup, Bank of America, Goldman Sachs and JPMorgan Chase, may see their credit ratings cut by S&P - here's why.

  • Fed proposal aims to stop 'too big to fail' Friday, 30 Oct 2015 | 3:04 PM ET
    The Federal Reserve building in Washington, D.C.

    The Federal Reserve proposed Friday to require large banks to add another buffer, designed to reduce the "too big to fail" perception.

  • BOSTON, Oct 20- Bank of New York Mellon Corp on Tuesday reported third-quarter results that beat expectations, but said its cost-cutting drive was interrupted by a summertime software outage that forced it to compensate clients. Speaking on a conference call with analysts to discuss the earnings, BNY Mellon Chief Financial Officer Thomas Gibbons said...

  • Earnings 'recession' worries could be a drag Monday, 19 Oct 2015 | 6:22 PM ET
    NYSE Trader

    "We're getting deeper into earnings season and not watching any one company, but the cumulative effect," said Mark Luschini at Janney Montgomery.

  • Market eyes earnings as Fed leaves it in confusion Friday, 16 Oct 2015 | 6:33 PM ET
    NYSE Traders

    So far the earnings season has been lackluster, and some high-profile warnings have already given investors pause.

  • NEW YORK, Oct 15- Low interest rates and a U.S. stock market that is still down 2 percent for the year have taken their toll on corporate America's pension plans. While the government has granted relief into 2021 for companies to improve their pension funding, corporate executives with severely underfunded pensions have some urgency to take action, or pay stiffer...

  • NEW YORK, Oct 13- A former Merck& Co Inc employee was sentenced to more than three years in prison on Tuesday for engaging in an insider trading scheme by tipping a friend at Bank of New York Mellon Corp about potential pharmaceutical mergers. District Judge Alvin Hellerstein in Manhattan to pay more than $694,000. His plea followed that of David Post, a friend from...

  • Oct 13- Societe Generale has agreed with New York's financial regulator to keep a record of all the communication by its employees and clients using Symphony Communication Services LLC's messaging service for seven years. SocGen joins Goldman Sachs Group Inc, Deutsche Bank, Credit Suisse and Bank of New York Mellon Corp in signing such an agreement with the...

  • Expect this fourth quarter surprise: Strategist Monday, 5 Oct 2015 | 4:23 PM ET
    Brian Belski, chief investment strategist at BMO Capital Markets.

    Here's why there could be a "surprising" stock market rally in the fourth quarter, strategist Brian Belski said Monday.

  • NEW YORK, Oct 5- A U.S. appeals court on Monday refused to force Bank of New York Mellon Corp to turn over to holders of defaulted Argentine bonds any of the $539 million the country deposited in 2014 to pay creditors who participated in its past restructurings. District Judge Thomas Griesa, agreeing that the plaintiffs were not entitled to possess the funds and did...

  • Thirteen more top banks join R3 blockchain consortium Tuesday, 29 Sep 2015 | 11:28 AM ET

    LONDON, Sept 29- Thirteen top banks, including HSBC and Deutsche Bank, have joined a consortium led by financial tech firm R3 that is working on a framework for using blockchain technology in markets, a spokesman for the firm said on Tuesday. The other banks announced on Tuesday were Citi, Bank of America, Morgan Stanley, Commerzbank, Societe Generale, SEB, BNY Mellon,...

  • NEW YORK, Sept 9- A U.S. appeals court on Wednesday rejected efforts by American International Group Inc and Bank of New York Mellon Corp to recoup hundreds of millions of dollars of foreign tax credits that the Internal Revenue Service did not allow. By a 3-0 vote, the 2nd U.S. Circuit Court of Appeals in New York dismissed arguments that the federal government,...

  • Sept 8- Pump and valve maker Pentair Plc on Tuesday said it would appoint a founding partner of Trian to its board, giving the activist hedge fund a seat inside the company following its recent purchase of a 7.2 percent stake. Trian, which under the leadership of founder Nelson Peltz has taken on companies such as PepsiCo and DuPont, disclosed a 7 percent stake in...