BNY Mellon News

May 31 - Fitch Ratings has affirmed the Long- and Short-term Issuer Default Ratings of The Bank of New York Mellon Corporation and related subsidiaries at 'AA-' and 'F1+' respectively.

The BNY Mellon index of leading American depositary receipts fell 2 percent, while the Standard & Poor's 500 index lost 1.3 percent.

State Street is eying the top-spot in the global custody banking industry and keeping in mind its strong capital condition and the recent trend among European banks in cutting down on various non-core businesses, we believe the bank can actually beat out BNY Mellon and JPMorgan Chase to become the industry's biggest.

Members of the Lloyd Center for the Environment unanimously elected Scott B. Laurans to a three-year term on the organization's Board of Directors recently.

BNY Mellon has bolstered its wealth management office in Tampa with the addition of two senior professionals to its staff.

NEW YORK, May 29, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been selected as successor depositary by Himax Technologies, Inc.

Born in Swamitar, Bhutan, Tek Rimal is from a family of nine. He spent 19 years in a hut roofed in plastic sheeting at a refugee camp in Nepal before arriving in Pittsburgh in 2011.

With a tight labor market for experienced workers with technical skills and leadership qualities many companies are looking at a specific pool of talent that offers a unique perspective.

JERSEY CITY, N.J., May 21, 2012 /PRNewswire/ -- Pershing, a BNY Mellon company, today announced the recent launch of two new applications as part of the organization's extensive Enterprise Collateral Management offering that automate the process of moving collateral between the custodian and Pershing Prime Services.

Wells Fargo Bank National Association acted as administrative agent and issuing bank for the facility, while The Bank of New York Mellon , Citibank NA and Credit Suisse AG Cayman Islands Branch served as documentation agents.

A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by The Group of Eight economies stressed on Saturday that their "imperative is to promote growth and jobs", as they also recognized problems among With no consensus from Europe, markets will remain in a state of alert about the ... (more)

AlphaGraphics New Bedford announces the appointment of Jenn Vasta to their Business Development team to focus on helping small and medium size businesses plan, produce and manage visual communications, enabling them to achieve their goals more effectively and confidently.

Bank of New York Mellon Corp faced off against the U.S. government on Thursday in closing arguments over a $900 million tax benefit that the Internal Revenue Service called "tax abuse." The case is the first to go to trial since the IRS accused some banks of generating artificial foreign tax credits through loans with London-based Barclays Plc.

Bank of New York Mellon Corp faced off against the U.S. government on Thursday in closing arguments over a $900 million tax benefit that the Internal Revenue Service called "tax abuse." The case is the first to go to trial since the IRS accused some banks of generating artificial foreign tax credits through loans with London-based Barclays Plc .

Barclays has not been accused of any wrongdoing. Bank of New York's financing agreement "is just tax abuse tacked onto a pricey loan," Jill Frisch, attorney for the IRS, told U.S. Tax Court Judge Diane Kroupa.

The BNY Mellon index of leading Asian ADRs lost 1.7 percent while the overall BNY Mellon index of leading American depositary receipts fell 1 percent.

BLOOMFIELD HILLS, Mich., May 15, 2012 /PRNewswire/ -- TriMas Corporation - a diversified manufacturer of engineered and applied products - announced today that, pursuant to authorization of the Company's Board of Directors, on May 11, 2012, the Company gave notice to The Bank of New York Mellon Trust Company, N.A., the Trustee under the Indenture, ... (more)

Florida Supreme Court justices were a little testy on Thursday during arguments in the high-profile foreclosure case Bank of New York Mellon vs.

"You can have access to any settlement discussions where the trustee was present," Kathy Patrick, an attorney for investors who support the deal, told counsel for the opponents of the settlement at a court hearing on Tuesday.

Oral arguments have been scheduled to be heard by the State Supreme Court involving a major bank and a blue collar worker who claims his bank lied.