A former bond trader was sentenced to 2-1/2 years in prison Tuesday after admitting to manipulating prices of mortgage debt, causing a $9m loss at a unit of Bank of New York Mellon.
Established in 2007 from the merger of Mellon Financial Corporation and The Bank of New York Company, Inc., BNY Mellon is a leading investment management and investment services company, uniquely focused to help clients manage and move their financial assets and succeed in the rapidly changing global marketplace.
Activist investor Trian Fund Management secured another partial victory on Tuesday by landing a seat on the board of BNY Mellon.
BNY Mellon has announced that it has elected Ed Garden, Chief Investment Officer and a founding partner of Trian Fund Management, L.P. (Trian), as a director, effective immediately.
BNY Mellon has been appointed trustee and portfolio administrator for Avoca CLO XII Limited, a €415 million collateralised loan obligation (CLO) launched by KKR. BNY Mellon will also act as account bank, custodian, registrar and paying agent for the CLO.
BNY Mellon has announced that Valerie Haertel has joined BNY Mellon as Global Head of Investor Relations, with responsibility for managing relationships with the company's shareholders and analysts.
A former Bank of New York Mellon employee on Friday pleaded guilty to insider trading based on tips from a former Merck & Co Inc employee about potential pharmaceutical mergers.
BNY Mellon announced Monday that it has reached an agreement to acquire Cutwater Asset Management, a U.S.-based fixed income and solutions specialist with a 20-year track record and approximately $23 billion in assets under management.
Firm to focus on core activities.
Bank of New York Mellon found itself front and centre of Argentina's debt battle on Tuesday after the South American country stripped its authorization to operate there and bondholders seeking payment filed a lawsuit against the U.S. bank.
BNY Mellon has announced that it has named Michael Gordon to head its new Retirement and Strategic Solutions group.
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Bank of New York Mellon has agreed to pay $114m to settle claims over its role as trustee for debt issued by Medical Capital Holdings Inc, a medical receivables financing company that collapsed in 2009 amid fraud allegations.
A federal jury in New York decided on Friday that a woman who was one of 11 people in her division at Bank of New York Mellon laid off in 2010 was not a victim of sex discrimination.
Bank of New York Mellon shareholders are rolling out the welcome mat for Nelson Peltz.
Bank of New York Mellon will move its headquarters to lower Manhattan’s Brookfield Place as part of an effort to scale down its office space and streamline operations.
Bank of New York Mellon plans to expand its Hong Kong office to include securities broking this year as it seeks to tap Asian demand for U.S. bonds and stocks.
Bank of New York Mellon, the world’s largest custody bank, expects to record an after-tax charge of about $100m in the second quarter linked to administrative errors in certain funds it manages.
'At what point do some of these businesses deserve to be set free away from the regulatory shackles on your bank ?'.
The $1.65bn standoff between Argentina and hedge fund mogul Paul Singer is threatening to take a hostage: the Bank of New York Mellon.
Bank of New York Mellon Corp., the largest custody bank, reached a deal to end a lawsuit accusing it of defrauding state pension funds through foreign-currency transactions, according to a spokesman for Virginia Attorney General Kenneth Cuccinelli.