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 18, 2011
(Reuters) – The Federal Reserve Bank of New York is intensifying its scrutiny of the U.S. units of Europe’s biggest banks amid concerns that Europe’s debt crisis could spill into the U.S. banking system, the Wall Street Journal reported citing sources familiar with the matter.
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 March 11, 2011
NEW YORK (Reuters) – The Federal Reserve Bank of New York said on Friday it had received American International Group Inc’s offer to buy back residential mortgage-backed securities taken over at…
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 .
