Bank of New York Mellon Corp
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NEW YORK, May 1- The U.S. Federal Reserve stuck to its plan to buy $85 billion in bonds each month to push down borrowing costs and prop up the economy, citing risks to growth from recent budget tightening in Washington. ROBBERT VAN BATENBURG, DIRECTOR OF MARKET STRATEGY, NEWEDGE USA LLC, NEW YORK:.
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NEW YORK, May 1- The U.S. Federal Reserve stuck to its plan to buy $85 billion in bonds each month to push down borrowing costs and prop up the economy, citing risks to growth from recent budget tightening in Washington. TODD SCHOENBERGER, MANAGING PARTNER AT LANDCOLT CAPITAL IN NEW YORK:.
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NEW YORK, May 1- The U.S. Federal Reserve stuck to its plan to buy $85 billion in bonds each month to push down borrowing costs and prop up the economy, citing risks to growth from recent budget tightening in Washington. TODD SCHOENBERGER, MANAGING PARTNER AT LANDCOLT CAPITAL IN NEW YORK:.
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*Medical Capital shut down after SEC sued for fraud. The lawsuit stemmed from the collapse of medical receivables financing company Medical Capital Holdings Inc. The U.S. Securities and Exchange Commission sued Medical Capital and two executives for fraud in July 2009, and the company was soon shut down.
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The settlement, disclosed in court papers filed in U.S. District Court in Santa Ana, California, followed a judge's decision earlier this month rejecting Wells Fargo's bid to dismiss the case.
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NEW YORK, April 30- Chesapeake Energy Corp and Bank of New York Mellon concluded an expedited trial on Tuesday over the energy company's effort to redeem $1.3 billion notes at par. Chesapeake, which faces a projected $3 billion cash shortfall this year, sued Bank of New York, the trustee for the bonds, on March 8.
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and Bank of New York Mellon concluded an expedited trial on Tuesday over the energy company's effort to redeem $1.3 billion notes at par. Chesapeake, which faces a projected $3 billion cash shortfall this year, sued Bank of New York, the trustee for the bonds, on March 8.
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NEW YORK, April 29- A Manhattan judge indicated Monday he was "troubled" by how the U.S. government applied a rarely used law in a suit against Bank of America Corp over the sale of toxic mortgages to Fannie Mae and Freddie Mac.
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The BNY Mellon index of leading American depositary receipts. The BNY Mellon index of leading European ADRs climbed 1.3 percent, while the FTSEurofirst 300 index of top shares closed up 0.5 percent. The BNY Mellon index of leading Asian ADRs advanced percent 0.9 percent.
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*U.S. using FIRREA in pending cases against BofA, Wells Fargo. District Judge Lewis Kaplan made that ruling in a lawsuit against Bank of New York Mellon, which the Justice Department accuses of overcharging clients for trading currencies.
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*Sterling jumps to two-month high vs dollar after UK GDP data. *Data from Japan show investors remained net sellers of foreign bonds.
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*Sterling jumps to 2- month high vs dollar after UK GDP data. LONDON, April 25- The dollar fell against the euro and yen on Thursday, hurt by a batch of soft data that have raised concerns about the pace of economic recovery in the United States.
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LONDON, April 25- The dollar was weaker against the euro and yen on Thursday, hurt by a batch of soft data that have raised concerns about the pace of economic recovery in the United States. Gains for the single currency were likely to be limited by strong expectations of an interest rate cut by the European Central Bank next week.
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*BNY Mellon accused of overcharging clients. *Similar cases pending against Bank of America, Wells Fargo. April 24- A federal judge said on Wednesday the U.S. government can proceed with a lawsuit accusing Bank of New York Mellon Corp of overcharging clients for trading currencies, a case brought under a rarely-used financial fraud law.
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BOSTON, April 24- Billionaire investor John Paulson told investors on Wednesday he is staying the course on gold even though there may be more short-term volatility in the price of the metal.
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BOSTON, April 24- Billionaire investor John Paulson told investors on Wednesday he is staying the course on gold even though there may be more short-term volatility in the price of the metal.
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*BNY Mellon accused of overcharging clients. April 24- A federal judge said Wednesday the U.S. government can proceed with a lawsuit accusing Bank of New York Mellon Corp of overcharging clients for trading currencies, a case brought under a rarely-used financial fraud law.
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*BNY Mellon accused of overcharging clients. April 24- A federal judge said Wednesday the U.S. government can proceed with a lawsuit accusing Bank of New York Mellon Corp of overcharging clients for trading currencies, a case brought under a rarely-used financial fraud law.
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April 24- A federal judge is allowing a U.S. government lawsuit to move forward against Bank of New York Mellon Corp over allegations of overcharging clients for trading foreign currencies. While dismissing parts of the case, U.S.
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NEW YORK, April 23- Chesapeake Energy Corp began an expedited trial on Tuesday against Bank of New York Mellon Corp over the energy company's effort to redeem $1.3 billion of notes at par.