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Bank of New York Mellon Corp

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  • Bank of New York Mellon Profit Halved In Third Quarter Thursday, 16 Oct 2008 | 7:13 AM ET

    The financial crisis slows business activity and pressured margins, but the company still managed to beat analysts' EPS expectations.

  • Finding Value in Financials Wednesday, 15 Oct 2008 | 12:39 PM ET

    Jonathan Vyorst, manager of the Paradigm Value Fund, sees opportunities in financials.

  • Drama Behind $250 Billion Banking Deal Wednesday, 15 Oct 2008 | 6:54 AM ET
    Financial Crisis

    The chief executives of the nine largest U.S. banks trooped into a gilded conference room at the Treasury Department at 3 p.m. Monday. To their astonishment, they were each handed a one-page document that said they agreed to sell shares to the government, the New York Times reports.

  • Washington Fends Off Shorts, Banks Breathe Easy Tuesday, 14 Oct 2008 | 7:28 PM ET

    That most recent of bailout plans does more than just save us from another Great Depression. Cramer explains.

  • Bank Rescue: Slippery Slope? Tuesday, 14 Oct 2008 | 6:53 PM ET

    "I think we’re clearly becoming socialist," says an irate Jeff Macke on Fast Money. "The only bank stocks to own are..."

  • Dow Skids as Banks Rally but Techs Drag Tuesday, 14 Oct 2008 | 4:38 PM ET

    Stocks ended lower as hoopla over the government's plan to buy stakes in the nation's largest financial institutions died down and worries about earnings crept in. The Dow ended down just 75 points after swinging in an 850-point range.  The tech-heavy Nasdaq lost 3.5 percent.

  • Bank of New York Will Oversee Bailout Fund Tuesday, 14 Oct 2008 | 3:14 PM ET
    Financial Crisis

    The Bank of New York is expected to be named the master custodian firm overseeing the Treasury Department’s bailout fund, the New York Times reports.

  • Why Banking Stocks Are a Buy: Fund Manager Tuesday, 14 Oct 2008 | 2:09 PM ET

    The government is starting to purchase stakes in financials, so should investors follow suit? Michael Cuggino, manager of the Permanent Portfolio Fund, says yes.

  • The US government outlined three new initiatives to aid financial institutions amid a historic credit crunch that has frozen lending around the world.

  • Busch: Patient "Saved" But Growth Lost? Tuesday, 14 Oct 2008 | 10:41 AM ET
    Andrew Busch

    Today, the US Treasury, the Federal Reserve, and the FDIC announced measures to stabilize the financial markets, to build capital to increase the flow of financing to U.S. businesses and consumers, and to support the U.S. economy.

  • Dow Jumps More Than 300 at the Open Tuesday, 14 Oct 2008 | 9:40 AM ET

    Stocks shot out of the gate Tuesday, a nice chaser to the Dow's biggest one-day point gain in history, after the government announced a plan to buy stakes in the nation's largest financial institutions.

  • Wall Street in Mood to Rally Again Tuesday, 14 Oct 2008 | 9:28 AM ET

    Wall Street looked set for another rally Tuesday, after the Dow recorded the biggest one-day point gain ever on Monday, as world markets continued to surge.

  • Week Ahead: Thawing The Glacial Credit Freeze Sunday, 12 Oct 2008 | 9:14 PM ET
    Traders at the NY Stock Exchange

    Stocks will take their cue from credit markets in the week ahead and whether they are responding to any of the government's efforts to thaw the glacial credit freeze.

  • Big Financiers Start Lobbying for Wider Aid Monday, 22 Sep 2008 | 9:55 AM ET

    Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it, reports the New York Times.

  • For the historic week ending Friday, September 19, 2008,  the major U.S. Indices managed to close mixed and almost flat after one of the most volatile trading weeks ever, driven by the collapse of investment bank, Lehman Brothers, enormous government actions around the globe, and billion dollar deal making.  In one week, the government bailed out AIG, pumped funds into money markets, and banned short selling of financials - all while keeping the Fed Funds target unchanged and taking unprecedented actions to halt the liquidity crisis.  The CBOE Volatility Index (VIX) surpassed the benchmark level of 30, hitting an intraday high of 42.16 on Thursday, its highest level since 10/2002.    The major indices were all up and down +/- 3% for 4 of the past 5 days.  The Dow posted a 2 day point move of more than 778 points as of Friday’s close, after plummeting 811 between Monday and Wednesday and hitting 10,609.66, its lowest level since 11/9/2005.  On Friday, The Nasdaq Composite recorded a 2-day point move of greater than 175 points after it closed down 109.05 points on Wednesday, its first triple digit decline for one day since it began trading after the 9/11 attacks.  The S&P 500 flirted with record territory closing up 98.7 over the last two days, marking its biggest 2-day point move since 3/16/2000, the largest 2-day point move ever.

  • Stocks Surge on Paulson Plan For Banks Thursday, 18 Sep 2008 | 4:02 PM ET

    Stocks whipsawed back into positive territory after regulators in the US and Europe took aim at short sellers and progress continued toward resurrecting the Resolution Trust Corporation to dispose of bad bank assets.

  • Are Wall Street’s Boom Times Over? Tuesday, 16 Sep 2008 | 10:47 AM ET

    Lehman falls, Merrill is sold, and more fallout is likely ahead. Wall Street has likely changed forever, says the New York Times.

  • Throwing Out The Playbook Wednesday, 3 Sep 2008 | 6:28 PM ET

    Attention Starbucks shoppers, there’s an early bird special over by the pastry counter. But only for the next 15 minutes, so better hurry! Sound far-fetched? Maybe not.

  • Week Ahead: Volatile Stocks, Oil Watch, Fed on Hold Monday, 4 Aug 2008 | 11:12 AM ET

    Oil prices will be the trigger for stocks in the week ahead. The Fed meets Tuesday and as usual, traders will watch for nuances in the Fed's post-meeting statement.

  • Pops & Drops: Harley-Davidson, Yum! Thursday, 17 Jul 2008 | 6:38 PM ET

    Following are the day’s biggest winners and losers. Find out why shares of Harley-Davidson and Capital One popped while eBay and Yum! dropped.