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Business Wire (Free subscription) | 11/10/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned ratings to The Bank of New York Mellon (Ireland) Limited, (BNYMIL), an Ireland-based bank subsidiary of Bank of New York Mellon Corporation (BK) as follows: Bank of New York Mellon (Ireland) Limited -- Long-term Issuer Default Rating (IDR) 'AA-';-- Short-term IDR `F1+';-- Long-term deposits `AA-';-- Short-term deposits `F1+';-- Support Rating `1'....
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BloggingStocks (Free subscription) | 11/05/2009
Filed under: India , China , Brazil , Russia , Market matters , Money and Finance Today , Federal Reserve The US dollar is down 20% since 2002 on a trade weighted basis. Other world economies like China are dynamic, with growth rates of 8 and 9%. With that kind of clout, countries like China, India and Brazil, can choose where to place their reserves. Slowly, developing countries are shifting their...
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Market Watch (Free subscription) | 08/12/2009
LONDON (MarketWatch) -- Lloyds Banking Group said Wednesday that it will sell its Insight Investment Management business to Bank of New York Mellon Corp. for 235 million pounds ($387 million) as part of a restructure of its asset management business. Lloyds said responsibility for managing funds sourced from its Halifax and Bank of Scotland businesses will be transferred from Insight to its Scottish...
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Market Watch (Free subscription) | 08/05/2009
SAN FRANCISCO (MarketWatch) -- Bank of New York Mellon Corp. said Wednesday it repurchased warrants from the U.S. Treasury for $136 million. The warrants for 14.5 million shares of common stock had been issued to the government under the Troubled Asset Relief Program. Shares of Bank of New York Mellon rose 3.4% to $29.49 in recent trading. Market Pulse Stories are Rapid-fire, short news bursts on...
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Market Watch (Free subscription) | 06/30/2009
NEW YORK (MarketWatch) -- Bank of New York Mellon Corp. said Tuesday that it made a strategic minority investment in International Derivatives Clearing Group. The bank said that IDCG, a majority owned, independently operated subsidiary of Nasdaq OMX Group Inc. , clears and settles interest-rate-swap contracts and other fixed-income derivatives contracts. Financial terms of the deal were not disclosed....
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Financial24 (Free subscription) | 06/27/2009
ZURICH, June 27 - Bank of New York Mellon Corp will have further writedowns as a result of the securitised mortgages it still has on its books, the bank's chief executive was quoted as saying on Saturday . 'Yes, we will book further writedowns but ...
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Financial24 (Free subscription) | 06/25/2009
Bank of New York Mellon Corp. Chairman and Chief Executive Officer Robert Kelly said Canadian banks' competitive advantage over their global counterparts during the economic recession may slip away within a year, the National Post reported. Kelly to ...
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Market Watch (Free subscription) | 06/17/2009
SAN FRANCISCO (MarketWatch) -- Bank of New York Mellon Corp. said Wednesday it bought back 3 million shares of its preferred stock from the U.S. Treasury's Troubled Asset Relief Program. All told, the bank said it paid back $3.04 billion. Bank of New York Mellon also said it will take a charge of about $197 million in the second quarter, and notify the Treasury that it intends to buy back warrants...
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Market Watch (Free subscription) | 05/12/2009
NEW YORK (MarketWatch) -- Bank of New York Mellon Corp. unveiled the details of its $1.2 billion share offering Tuesday, pricing 42 million shares at $28.75 each. Shares of the bank closed at $29.55 on Monday. Bank of New York is raising capital because it hopes to repay the government for money it received under the Troubled Asset Relief Program. Other banks, including BB&T Corp. and U.S. Bancorp...
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