Bank of New York News

A government program intended to spark lending to consumers and small businesses at cheaper rates supported nine deals worth a total of roughly $12 billion this month, down about 27 percent from June's total.

The Federal Reserve Bank of New York named RBC Capital Markets a primary dealer, the second addition this year to its network of securities firms that underwrite the governmenta s debt.

Biovitrum Appoints The Bank of New York Mellon as Depositary Bank STOCKHOLM - July 7, 2009 - Biovitrum AB has selected The Bank of New York Mellon , as the depositary bank for its Level I American depositary receipt program.

The economy is obviously still fragile. Investors fled the markets Tuesday as the Consumer Confidence Index slipped to 49.3, down from its revised May level of 54.8. The lower CCI has translated into softer sales that have forced some companies to look into mergers to survive.

Canada's vaunted conservative banking culture offers its financial institutions a competitive advantage during economic downturns, but the edge they now enjoy over their global counterparts will likely disappear in about a year, says a top U.S. banker.

Mellon United National Bank filed foreclosure actions against two major developments in Miami: the One Flagler office building and the Platinum Condominium.

The NASDAQ OMX Group, Inc. , the world's largest exchange company, and The Bank of New York Mellon , the global leader in securities servicing and asset management, jointly announced that The Bank of New York Mellon has made a strategic minority investment in International Derivatives Clearing Group .

LOS ANGELES-- --Supporting graduates in difficult economic times and advancing life-long learning, Pepperdine University's Graziadio School of Business and Management will provide MBA alumni up to - NEW YORK-- -- American International Group, Inc.

In late January and early February, government officials considered allowing AIG to file for bankruptcy as they struggled with whether to provide additional support for the failed insurance giant, according to documents obtained by FOX Business.

A.I.G. reduces debt to Federal Reserve Bank of New York by $25 billion.

Singer Lisa Marie Presley and her mother Priscilla Presley attend the Lunchbox Hunger Relief Benefit for Food Bank of New York and The Lunchbox Fund at Saatchi & Saatchi December 6, 2007 in New York City.

The Federal Reserve Board sought to keep the Office of the Comptroller of the Currency and Securities and Exchange Commission in the dark about its role in pressuring Bank of America Corp.

American International Group Inc. said Wednesday it will reduce outstanding federal loans by $25 billion by giving the government a preferred stake in two units that will be spun off from the insurance giant.

Bankrupt retailer Eddie Bauer owes Expeditors International of Washington $700,000, making the forwarder one of the largest creditors in the clothing company's Chapter 11 bankruptcy filing.

Prescient, with R60 billion under management in South Africa , selected the Eagle suite to streamline its growing local and global operations.

Relative value investment strategies, including those employed by quantitative funds, have produced strong returns since the end of December 2008, when the movements of various asset classes became much more correlated with key fundamental indicators such as corporate earnings and corporate credit spreads, according to an analysis by Mellon Capital ...

The yen declined against the euro for a third day as signs the global recession is easing spurred demand for higher-yielding assets.

When the restoration of the Flatiron District's Merchants Bank of New York building at 141 Fifth Avenue got underway in advance of its condo conversion, the 1897 building's Beaux Arts facade was shrouded in netting sporting a picture of the building's facade .

A Freeport man faces a grand larceny charge after police said he fraudulently obtained nearly $10,000 from somebody else's bank account.

Wyeth announced today that holders of Wyeth Floating Rate Convertible Senior Debentures due 2024 have the right to surrender their Convertible Debentures for purchase by Wyeth pursuant to their terms effective on the July 15, 2009 purchase date.