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Bank of New York Mellon Corp

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  • 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...

  • 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...

  • 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..

  • LONDON, Nov 27- European firms squeezed by low interest rates are having to consider new, riskier ways to manage trillions in corporate cash as they are snubbed by banks awash in new regulation that may also spell the demise of their go-to investment funds. Corporate treasurers have been under pressure since the financial crisis of 2007-09 when the collapse of...

  • NEW YORK, Nov 25- A divided federal appeals court said Chesapeake Energy Corp had no right to redeem $1.3 billion of notes early at a favorable price, saying the second-largest U.S. natural gas company waited too long to tell investors of its plans. Tuesday's 2-1 decision by the 2nd U.S. Circuit Court of Appeals in New York reversed a May 2013 ruling by U.S.

  • UPDATE 1-Chesapeake Energy loses in bond dispute appeal Tuesday, 25 Nov 2014 | 12:05 PM ET

    NEW YORK, Nov 25- A divided federal appeals court said Chesapeake Energy Corp had no right to redeem $1.3 billion of notes early at a favorable price, saying the second-largest U.S. natural gas company waited too long to tell investors of its plans. Tuesday's 2-1 decision by the 2nd U.S. Circuit Court of Appeals in New York reversed a May 2013 ruling by U.S.

  • Chesapeake Energy loses in bond dispute appeal Tuesday, 25 Nov 2014 | 10:26 AM ET

    NEW YORK, Nov 25- A divided federal appeals court in New York said Chesapeake Energy Corp had no right to redeem $1.3 billion of notes early because it waited too long to tell investors of its plans. Tuesday's 2-1 decision by the 2nd U.S. Circuit Court of Appeals reversed a May 2013 ruling by U.S. The majority agreed with Bank of New York Mellon Corp, the notes' trustee,...

  • Early Movers: BHI, HTZ, SBUX, HLF & more Friday, 14 Nov 2014 | 8:05 AM ET

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

  • LONDON, Nov 14- The yen slid to a seven-year low against the dollar on Friday as investors bumped up their bets on Japan's Prime Minister Shinzo Abe calling an early election and delaying a hike in sales tax. The euro also slipped slightly against the dollar after data from Germany and France showed weak third quarter growth, and Italy remained stuck in recession.

  • BOSTON, Nov 13- Hedge fund Marcato Capital Management has bought a 1.6 percent stake in the Bank of New York Mellon, becoming the second prominent activist investor in recent months to disclose a position in the world's largest custody bank, according to a regulatory filing. San Francisco- based Marcato's stake is valued at $688 million, making it the biggest...

  • NEW YORK, Nov 10- A U.S. judge ruled on Monday that Citigroup Inc could process an $85 million interest payment by Argentina on bonds issued under its local laws following its 2002 default. District Judge Thomas Griesa in New York said Citigroup could process the Dec. 31 payment it receives on U.S. dollar-denominated Argentine law bonds. Citigroup has said it faces...

  • NEW YORK, Nov 7- Argentina, already in default, could see its financial troubles worsen as creditors holding billions of dollars in debt prepare to demand immediate payment, new court filings in New York show. District Judge Thomas Griesa granted to U.S. hedge funds that spurned Argentina's debt restructurings in 2005 and 2010, and then sued for full repayment of...

  • NEW YORK, Nov 7- Bank of America Corp and US Bancorp have reached a $69 million settlement in a class action lawsuit over their roles as trustees for securities backed by risky mortgages from Washington Mutual Inc, which failed in 2008.. Both defendants denied liability, and Bank of America would make the $69 million cash payment on behalf of itself and US Bancorp,...

  • NEW YORK, Nov 7- Argentina, already in default on large amounts of debt, could see its financial troubles worsen as 52 creditors holding more than $4.4 billion in defaulted debt prepare to demand immediate payment, new court filings in New York show. In a letter to Griesa filed late Thursday, Carmine Boccuzzi, a lawyer for Argentina, argued many of the plaintiffs are...

  • NEW YORK, Nov 7- Bank of America Corp and US Bancorp have reached a $69 million settlement of litigation over their roles as trustees for securities backed by home loans from Washington Mutual Inc, which failed in 2008.. Both defendants denied liability, and Bank of America would make the $69 million cash payment on behalf of itself and US Bancorp, the papers show.

  • Investment firms including George Soros's Quantum Partners, Knighthead Master Fund and Hayman Capital, have filed a lawsuit in the UK asking the court to declare that the interest payments are subject to English law and that any attempt by a foreign court to modify contracts governing them would be ineffective. Although defendant Bank of New York Mellon Corp...

  • NEW YORK, Nov 4- Argentina has filed papers to appeal a U.S. 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. Argentina late on Monday filed a notice of an appeal of a contempt finding by U.S. Argentina defaulted in July after refusing to honor court orders to pay...