Posted by Reuters: Business News on December 28, 2011
NEW YORK (Reuters) – Confidential whistleblower documents that helped spark a massive state and federal investigation into how Bank of New York Mellon Corp charged pension funds for currency exchange, provide a rare window into how a bank insider aided a lawsuit against the bank.
Posted by Reuters: Business News on November 18, 2011
(Reuters) – MF Global moved hundreds of millions of dollars in customer money from its U.S. brokerage unit to Bank of New York Mellon Corp in August, just months before filing for bankruptcy protection, The Wall Street Journal reported.
Posted by Reuters: Business News on October 28, 2011
BOSTON (Reuters) – Over the past three years, the foreign exchange franchise at Bank of New York Mellon Corp has been challenged by unhappy clients who want more transparent pricing and by the advent of electronic trading.
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Posted by Reuters: Business News on October 5, 2011
(Reuters) – Over a 10-year period, Bank of New York Mellon defrauded thousands of clients in foreign currency exchange transactions, earning it $2 billion, according to a lawsuit filed Tuesday by New York Attorney General Eric Schneiderman.
Posted by Reuters: Business News on September 1, 2011
BOSTON/NEW YORK (Reuters) – Bank of New York Mellon’s Chief Executive Robert Kelly stepped down in a surprise move, because of what the company said was “differences in approach to managing the company.”
Posted by Reuters: Business News on August 5, 2011
NEW YORK, Aug 4 (Reuters) – Bank of New York Mellon Corp is charging some of its big customers a fee for large deposits, a sign of the fear in markets as investors flee risky assets for the safety of cash.
Posted by Reuters: Business News on August 4, 2011
NEW YORK (Reuters) – Bank of New York Mellon Corp said it is being overwhelmed with deposits from investors fleeing risky markets, and said it will begin charging for above-average deposits.
Posted by Reuters: Business News on January 19, 2011
BOSTON (Reuters) – After the stock market’s fourth-quarter bang, investors expected a bigger boom than they got from leading custody banks State Street and Bank of New York Mellon .
Posted by Reuters: Business News on
BOSTON (Reuters) – Bank of New York Mellon Corp , one of the world’s largest custody banks, said its fourth-quarter profit from operations increased 10 percent as acquisitions bolstered fee income.
Posted by Reuters: Business News on July 20, 2010
NEW YORK/BOSTON (Reuters) – Bank of New York Mellon Corp and State Street Corp reported higher quarterly profit on Tuesday as a rise in stock prices helped them earn more for managing clients’ money.
