Bank of New York News

The Depository Trust & Clearing Corporation has named Anne Noonan as managing director and chief systemic risk officer, Business Wire reports.

U.S. taxpayers may have to share in the losses on $301 billion of Citigroup Inc.

Nov 8th 2009 at 9:00AM From the LA Times Hot Properties: --The Beverly Hills home of the late DJ Adam " DJ AM" Goldstein has come on the market at $3.795 million.

The Federal Reserve Bank of New York bought $16bn of mortgage-backed securities from housing finance agencies Freddie Mac , Fannie Mae and Ginnie Mae in the week ending November 4. The Fed bought $3.27bn from Freddie, $12.55bn from Fannie and $175m from Ginnie.

THE Australian dollar opened slightly higher today, after weak commodity prices saw investors leapfrog the local unit in search of european currencies.

Thomas Renyi and his wife have closed on a three-bedroom co-op apartment at 920 Fifth Avenue between 73rd and 72nd streets for $7.55 million.

Goodbye to all that stimulus? The U.S. economy has been kick-started into growth but stock investors still face an uncertain outlook as Wall Street gears up for comments from the Federal Reserve and a key report on employment this week.

Bank of New York Mellon CEO Robert Kelly's reported rejection of an offer to take the same job at Bank of America illustrates the difficulty of convincing a talented outsider to lay his head at BofA's door for the next several years.

The Federal Reserve Bank of New York has rejected only five of 81 legacy commercial mortgage-backed securities that sought eligibility for cheap funding under the bank's Term Asset-Backed Loan Facility, Dow Jones Newswires reports.

Geithner Laments the Deficit, but Demurs on Tax Increases Former hedge fund executive charged by SEC U.S. Turns Screws on Bailed-Out GMAC 3-mth dollar Libor hits record low, euro rate eases 'This Is It' on its way to $200 million-plus, thanks mainly to foreigners Terminator franchise to be auctioned off Bank of New York Mellon Corp Chief Executive ...

BNY Mellon Asset Management on Monday said it bought a 20 percent stake in private equity firm Siguler Guff & Co.

* The banking sector will be in the spotlight after CIT Group Inc , a U.S. lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself and the recession hit its loans.

Bank of New York Mellon Corp Chief Executive Robert Kelly was recently approached about taking the CEO job at Bank of America Corp , but he has shown no interest in the job, The Wall Street Journal reported.

The Fed's monthly policy statement could signal fewer liquidity measures for markets, while non-farm payroll data and the Institute for Supply Management surveys on the manufacturing and services sectors will give early indications of how the economy is faring in the fourth quarter.

How did so much taxpayer money end up in the coffers of American International Group Inc's too- big-to-fail customers? The more we find out, the more it becomes obvious we still don't know the half of it.

The Dow industrials suffered its worst slide since July on Friday on concerns that the economic recovery won't be robust enough to sustain the seven-month stock rally, while financials sank on renewed worries about Citigroup's balance sheet.

American International Group Inc. a s payments to banks face closer congressional scrutiny after a House Republican requested records to review whether the Federal Reserve Bank of New York quashed the insurera s effort to pay less than 100 percent on derivative contracts.

Prosecutors say a temp worker used a three-month stint at a New York bank to steal employees' identities, then used their ID's for years to loot about $1 million from charities.

The extended Buy opportunity continues at Bank of New York Mellon , and I'm Reiterating my Buy rating for the company's shares, first recommended on April 6, 2009 at a price of $28.16. Founded by Alexander Hamilton, The Bank of New York provides services that enable institutions and individuals to move and manage their financial assets in more than ...

Welcome to Deal Stocks. In the news Tuesday are ING Group NV , UBS , Bank of New York Mellon Corp.