Bank of New York News Archives

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.

Oct. 27 – The New Zealand dollar may fall this week as speculation the Federal Reserve will tighten monetary policy earlier than expected stokes the appeal of the greenback and appetite for higher-yielding, or riskier, assets dims.

The report examines the companyA's key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.

The S&P 500 touched the 1100 level yesterday, a new high, before pulling back by the close.

The Bank of New York Mellon Corporation Tuesday reported a third quarter loss of $2.5 billion, compared to a profit of $303 million a year ago.

The Federal Customs Service of the Russian Federation, Moscow, and BNY Mellon, New York City, Thursday announced the settlement of the litigation filed by the customs service against the bank in Moscow City Arbitration Court.

Russian mobster Semion Mogilevich , known as the "brainy don," has overseen criminal enterprises stretching from Central Asia to Philadelphia specializing in arms trading, human trafficking networks, money laundering and securities fraud according to law enforcement officials.

Bank of New York Mellon will begin lending to Russian state banks again after Moscow abandoned a $22.5 billion lawsuit against it.

A new civil case against Bernard Madoff , the convicted Wall Street fraudster, charges that two major US banks abetted him in his $65 billion Ponzi scheme and that the stolen money was used for drugs and wild parties.

The Federal Reserve Bank of New York bought $1.05 billion in Treasurys that mature from 2027 through 2039 on Wednesday, its second-to-last such operation in its $300 billion program started in March.

This is a test. This is only a test. The Federal Reserve is testing one of its tools for draining some of the unprecedented amount of money that's been plowed into the U.S. economy to ease financial problems and revive business activity.

Bank of New York reports 54 cents that beats the average estimates on the adjusted basis of the analysts.

Some investors defrauded by epic swindler Bernard Madoff on Tuesday added accounting firm KPMG , JPMorgan Chase and Bank of New York Mellon to a civil lawsuit in a New York court, lawyer Joseph Cotchett said.

Bank of New York Mellon Corp reported a third-quarter net loss amid higher loan loss provisions, but earnings excluding one-time items topped expectations.

Although there are a few major institutions like Citibank and Bank of America that were hammered by the financial crisis, some banks, like JP Morgan Chase , Bank of New York Mellon and State Street got through the recession with relatively little pain because they avoided some of the riskiest plays made by some other nationwide banks.

U.S. stocks rose, sending benchmark indexes to a one-year high, on better-than-estimated earnings and speculation the economy is healthy enough for policy makers to unwind efforts to shore up the financial system.

The Federal Reserve Bank of New York said on Monday it had been working on a market tool it can use to withdraw cash from the banking system but stressed that it was not about to use it.

The Federal Reserve Bank of New York said Monday it has been working internally and with market participants to make sure it can use reverse repurchase agreements when and if Fed officials decide they should be used.

White House economic adviser Lawrence Summers told leaders of top financial companies last month the Obama administration a oewill not be lectureda by opponents of a proposed consumer-protection agency.

Empire Resorts, Inc. announced today the reinstatement of a $4,400,000 secured credit facility with The Park Avenue Bank of New York and execution of a standstill agreement by the Company with the principal beneficial owners of over ninety percent of the Company's $65,000,000 Senior Notes .

Treasuries headed for a two-week decline before a Federal Reserve report that economists said will show industrial production rose for a third-straight month.

Compensation plans at American International Group Inc. - including controversial retention bonuses - were given little consideration by the Treasury Department when the government bailed out the company last year, according to the special inspector general for the Troubled Asset Relief Program.

Asian currencies ended the week generally up against the dollar amid greater optimism in the region and continued low interest rates in the United States.

In this Sept. 16, 2008 file photo, The American International Group logo is shown in New York.

Treasury prices rose Tuesday, sending 2-year yields down by the most since June, amid doubts about the strength of the economy's recovery.

It would appear that an important court case may go in favor of BofA and Bank of NY in a suit brought by AIG 's wholly owned subsidiary United Guaranty Mortgage Indemnity Co.

Share + Oct 10, 2009 3:03 pm US/Central NEW YORK 1 of 1 New-home sales in June jumped nationally as home buyers took advantage of falling prices, with sales of single-family homes rising 11 percent.

The U.S. Second Circuit Court of Appeals granted the Federal Reserve 's request for a stay Tuesday morning, delaying the release of public records containing information about banks' lending activities during the financial crisis.

Normally, small business startups and hiring would already be leading the economy back to a cycle of growth and increasing employment.

The Federal Reserve Bank of New York bought $1.3 billion in Treasurys on Wednesday, the sole buyback this week as the central bank nears the end of its purchase program.

Sunrise over the stock exchange, in Lower Manhattan, the traditional home of the city's famed financial firms, many of which have moved uptown or disappeared entirely.

A federal bank information analyst from Elm Park has admitted he stole his fellow employees' identities so he and his brother could apply for more than $1 million in student and boat loans.

In a speech yesterday, William Dudley, the president of the Federal Reserve Bank of New York, identified financial constraints for small businesses as a restraint on the pace of economic recovery.

Jordan: 47 minutes ago Bank of New York Mellon, the global leader in asset management and securities servicing, has been selected by Hikma Pharmaceuticals PLC as the depositary bank for its American depositary receipt program.

The road to recovery from the current economic crisis will be a long and arduous one for New Jersey.

In response to continuing confusion regarding the amount of assistance AIG has received from the government and the amount it must repay, AIG provides the following facts: The U.S. government has provided support to AIG in several forms: direct equity investments in AIG, loans to AIG, the extension to AIG of a mostly untapped equity capital ...