Market Watch (Free subscription) | 07/24/2008
The ability of the nation’s financial system to withstand stress should improve by the end of the year, the president of the Federal Reserve Bank of New York tells a congressional panel considering a regulatory overhaul of financial markets.
Real Time Economics (Free subscription) | 07/24/2008
The increasingly international nature of banking today is blunting some of monetary policy’s potency, according to a Federal Reserve Bank of New York paper. Economists Nicola Cetorelli and Linda Goldberg argue that while banks that do business mostly within the U.S. remain highly affected by changes in rate policy, large institutions with a global presence can [...]
Market Watch (Free subscription) | 07/24/2008
The ability of the nation’s financial system to withstand stress should improve by the end of the year, the president of the Federal Reserve Bank of New York tells a congressional panel considering a regulatory overhaul of financial markets.
Market Watch (Free subscription) | 07/24/2008
WASHINGTON (MarketWatch) -- The capacity of the financial system to withstand stress should improve by the end of the year, said Timothy Geithner, president of the Federal Reserve Bank of New York, on Thursday. "We expect to see substantial progress over the next two quarters," Geithner told the House Financial Services Committee at a hearing. At the hearing, Geithner and Christopher Cox, chairman...
Hindu (Free subscription) | 07/23/2008
CHENNAI: iNautix Technologies India Pvt. Ltd., a subsidiary of Pershing LLC and the Bank of New York Mellon Corporation, expanded its facility at the Ascendas International Tech Park in Chennai with the addition of more than 57,000 sq. ft. of ...
The Street (Free subscription) | 07/22/2008
Bank of New York Mellon, CACI International, Palm, US Cellular and Westamerica Bancorp downgraded.
PR News Wire (Free subscription) | 07/21/2008
NEW YORK, July 21 /PRNewswire/ -- AXA Equitable Life Insurance Company and MONY Life Insurance Company, as subsidiaries of AXA Financial Inc., are welcomed as members of the Federal Home Loan Bank of New York (FHLBNY). "We are delighted that AXA Equitable Life Insurance Company and MONY Life Insurance Company have joined the Federal Home Loan Bank of New York," said Alfred A. DelliBovi, President...
Just In Just Out (Free subscription) | 07/21/2008
We are pleased to invite you to the Inauguration of 3rd facility of iNautix at Ascendas. Mr. Richard F Brueckner, Chairman and Chief Executive Officer, Pershing & Bank of New York, Mellon Mr. Suresh Kumar, Chief Executive Officer, & Mr. Mohan Narayanaswamy, MD, iNautix Technologies India Private Limited will interact with the media after the Inauguration . More...
Today's Tribune-Review (Free subscription) | 07/18/2008
Bank of New York Mellon CEO Robert Kelly said Thursday that the nation's mortgage and credit crisis could extend into next year and that the banking industry will continue to suffer from problem loans.
PR News Wire (Free subscription) | 07/17/2008
NEW YORK, July 17 /PRNewswire/ -- The following dividend and unaudited results statement is being issued by the Federal Home Loan Bank of New York: I am pleased to report that our Board of Directors has approved the dividend rate for the second quarter of 2008 of 6.50% (annualized). The New York Home Loan Bank's dividend rate for the first quarter of 2008 was 7.80%. The dollar amount of the second...
Boston Globe (Free subscription) | 07/17/2008
Bank of New York Mellon Corp. said Thursday its second-quarter earnings fell 31 percent, hurt by transaction charges and investment securities write-downs. Its shares fell more than 5 percent in morning trading.
Reuters UK (Free subscription) | 07/17/2008
NEW YORK (Reuters) - Bank of New York Mellon Corp on Thursday said second-quarter profit fell 57 percent, hurt by a big charge related to the taxation of leases and by securities losses tied to the housing slump.
The Street (Free subscription) | 07/17/2008
A recent court decision prompts the trust bank to take a $380 million charge, as profits slide year-over-year and sequentially.
Reuters (Free subscription) | 07/17/2008
NEW YORK (Reuters) - Bank of New York Mellon Corp said on Thursday that second-quarter profit fell 57 percent, hurt by a big charge tied to the taxation of leases.
Market Watch (Free subscription) | 07/17/2008
NEW YORK (MarketWatch) -- Bank of New York Mellon Corp said its second-quarter net income fell 31%, reflecting a $380 million charge tied to sale-in-lease-out transactions.
