Bank of New York Mellon Corp


  • FOREX-Dollar surges after strong message from Fed Thursday, 20 Mar 2014 | 8:08 AM ET

    *China's yuan deepens slide, hits one-year low. LONDON, March 20- The dollar powered higher against its major currency peers on Thursday after a surprise message from Federal Reserve head Janet Yellen that rises in U.S. interest rates were not as far away as most had thought.

  • *China's yuan skids to its lowest in a year. LONDON, March 20- The dollar steadied at higher levels on Thursday and stocks and bonds fell across the globe as investors positioned for U.S. interest rates to rise sooner and faster than previously thought.

  • FOREX-Dollar pauses after Fed-led surge Thursday, 20 Mar 2014 | 4:49 AM ET

    *Dollar strength helps push China's yuan to one-year low. LONDON, March 20- The dollar steadied against its major currency peers on Thursday after being jerked higher overnight by a surprise message from Federal Reserve head Janet Yellen that rises in U.S. interest rates are not as far away as most had thought.

  • *China widens yuan trading band, adds risk to market. SHANGHAI, March 17- The Chinese central bank's decision to relax its grip on the yuan has been welcomed as a sign of financial liberalisation, but it is aggravating concerns among foreign executives and investors about their exposure to China in the near term.

  • Your first trade for Monday Friday, 7 Mar 2014 | 6:07 PM ET

    The "Fast Money" traders share their final trades of the day.

  • Big banks to catch break on calculating capital Friday, 21 Feb 2014 | 2:18 PM ET

    Eight of the nation's largest banks will begin using their own models and systems to calculate the amount of capital they need to set aside.

  • BOSTON, Feb 20- Fidelity Investments, the second-largest U.S. mutual fund company, said on Thursday that its fixed-income chief will lead the Boston firm's $1.9 trillion asset management division.

  • Foreigners hit sell button on US assets in Dec. Tuesday, 18 Feb 2014 | 11:11 AM ET

    Foreigners sold long-dated U.S. securities for a second month in December, selling almost all asset classes except Treasurys, data showed.

  • NEW YORK, Feb 18- Foreigners sold long-dated U.S. securities for a second straight month in December, selling almost all asset classes except Treasuries, data from the U.S. Treasuries posted a net inflow of $17.9 billion in the month after sales of $127 million in November.

  • Feb 17- A rapid recovery in U.S. stock prices after the recent slide may be enough to make many investors who remained bullish feel a little smug. Cantor Fitzgerald, for one, said it was considering new hedges at these levels.

  • Regulators are driving the banks out of NY: Bove Monday, 10 Feb 2014 | 4:59 PM ET
    Richard Bove of Rafferty Capital Markets.

    A deluge of lawsuits is forcing big banks to leave New York, banking analyst Dick Bove said.

  • SAO PAULO/ LONDON, Feb 7- Emerging market currencies pared gains on Friday as traders reconsidered the impact of January's U.S. payroll numbers on the Federal Reserve's plans to reduce its monetary stimulus program.

  • UPDATE 2-State Street shares drop amid cost concerns Friday, 24 Jan 2014 | 12:57 PM ET

    Jan 24- Shares in State Street Corp fell on Friday after the world's second-largest standalone custody bank reported operating results below expectations and said it could face rising regulatory costs.

  • *China, emerging market worries spark risk-asset sales.

  • U.S. stock index futures turned higher on Friday, helped by strong earnings reports from two sector bellwether stocks.

  • Jan 17- BNY Mellon Corp said on Friday its fourth-quarter profit rose slightly and met Wall Street expectations as a buoyant stock market lifted investment management and performance fees. Excluding a one-time item, the world's largest custody bank earned $628 million, or 54 cents a share, compared with $622 million, or 53 cents a share, a year earlier.

  • Traders watch data, earnings ahead of long weekend Friday, 17 Jan 2014 | 5:29 AM ET
    Traders on the floor of the New York Stock Exchange

    Triple witching expiration, General Electric’s earnings and industrial production could all help shape Friday trading.

  • NEW YORK, Jan 16- Foreigners sold U.S. assets in November, reversing a buying binge sparked the prior month by the end of a 16- day U.S. government shutdown, U.S. "The long-term trend is concerning and has negative implications for the dollar," said Michael Woolfolk, senior currency strategist at BNY Mellon in New York.

  • FOREX-Euro rises from 5-week lows, outlook still weak Thursday, 9 Jan 2014 | 4:02 PM ET

    NEW YORK, Jan 9- The euro recovered from five-week lows against the dollar on Thursday following cautious comments on the euro zone economy by European Central Bank President Mario Draghi, but the outlook for Europe's single currency remains weak. The euro fell as low as $1.3547, its lowest since Dec. 5, after Draghi's comments.

  • NEW YORK, Jan 7- The dollar rose to a one-month high on Tuesday, buoyed by U.S. trade deficit data that is expected to boost estimates for fourth-quarter growth in the world's largest economy.

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