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Wednesday, April 7, 2010 as of 11:14 AM ET

Bank of New York Mellon

The Bank of New York Mellon Corporation (), commonly referred to as BNY Mellon is an American multinational banking and financial services corporation formed on July 1, 2007 as result of the merger of The Bank of New York and Mellon Financial Corporation.

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Companies Pour Into High-Grade Corporate Bond Market

It didn't take much to turn the issuance tap back on.

With risk-sentiment improving overnight and borrowing costs still at record lows, companies seeking to issue bonds were making up for lost time after a mostly quiet Wednesday.Six high-grade companies sold $8.2 billion of new bonds Thursday, led by two $3 billion issues from biopharmaceutical company Amgen Inc. (AMGN), and Asia's largest refiner by capacity, China Petrochemical Corp. (SNP), better known as Sinopec Group.Media group Discovery Communications Inc. (DISCA) borrowed $1 billion, spirits producer Beam Inc. (BEAM) priced $600 million, Bank of New York Mellon Corp. (BK) had a $500 million deal and NextEra Energy Inc. (NEE) unit Florida Power & Light issued $600 million.According to Dealogic, $12.2 billion was sold in the first three days of this week, placing the week's tally just beyond the $20 billion mark. Last week, $25.55 billion was sold in what was the fourth-busiest week of the year.Borrowers were all enticed by the s...

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  1. Bank Of New York Mellon To Pay $6 Million Penalty - Fed

    Bank of New York Mellon (BK) will pay the government a $6 million civil penalty over allegations it pledged ineligible collateral as part of a program to help money ...

  2. Fed Fines Bank Of NY Mellon $6 Million

    The Federal Reserve on Monday fined Bank of New York Mellon $6 million for allegedly putting up ineligible collateral when it borrowed money under one of the central...

  3. Where Are the Women on Wall Street?

    While the glass ceiling keeping women out of the C-Suite was shattered at blue-chip technology and industrial companies many years ago, it continues to hover over th...

  4. How Investors Can Cash in on Currencies

    Bank of NY-Mellon Senior Currency Strategist Michael Woolfolk on the outlook for the dollar and the challenges investing in currencies.

  5. Judge Rejects Bank Of NY Mellon Motion To Dismiss Countrywide Suit

    A federal judge on Tuesday rejected Bank of New York Mellon Corp.'s (BK) request to throw out an investor lawsuit related to its role overseeing mortgage-backed secu...

  6. Bank of NY Mellon Pressured to Have Independent Chairman

    Bank of New York Mellon Corp is under pressure to take the chairman's title from Chief Executive Gerald Hassell, following client defections and lost revenue over al...

  7. Mortgage Suit Vs Bank Of America, BNY Mellon Is Dismissed

    A New York judge dismissed a suit against Bank of America Corp. (BAC), demanding the bank to take back mortgages sold to investors and alleged to breach wraps and wa...

  8. What Rally? Many Investors Remain Pessimistic

    The  Bank of New York Mellon (NYSE:BK)  just conducted an investor survey by its wealth management division, finding that “Bleak is the New Black.” In other words, i...

  9. Ohio Treasurer Picks J.P. Morgan, Citi To Replace Trust Banks

    J.P. Morgan Chase & Co. (JPM) and Citigroup Inc. (C) beat Bank of New York Mellon (BK) and State Street Corp. (STT) to become the trustee for four Ohio pension funds...

  10. Ohio Said To Sever Ties With BNY Mellon , State Street Over Pension Funds -Report

    DOW JONES NEWSWIRESOhio's treasury office is to announce Monday it is severing business ties with Bank of New York Mellon Corp. (BK) and State Street (STT) over susp...

  11. Quick Look: Results of the Bank Stress Tests

    The Federal Reserve said on Tuesday that 15 of the 19 largest U.S. bank holding companies passed this year's stress tests, meaning they would maintain a Tier 1 commo...

  12. JP Morgan Leads Banks Set To Raise Dividends After Stress Test

    J.P. Morgan Chase & Co. (JPM) led a number of the biggest U.S. banks in announcing dividend raises and stock buybacks, after receiving the results of the Federal Res...

  1. BNY Mellon : Funded Status Of US Pensions Down In April

    The average funded status of a typical U.S. corporate pension plan fell in April for the first time this year, according to BNY Mellon Asset Management.The drop of 3...

  2. Rob Morgan: Invest Now!

    Fulcrum Securities CIO Rob Morgan explains why you should buy into the markets.

  3. Virginia Court Dismisses Claims Against Bank Of New York Mellon

    ("Virginia Court Dismisses Claims Against Bank Of New York Mellon," at 5:55 EDT, was mistaken in the date of a judicial decision of a partial victory in a California...

  4. Bank of New York Mellon's 1Q Currency Revenue Fell 21%

    Bank of New York Mellon Corp. (BK) said currency-trading revenue plunged in the first quarter on a drop in trading volume.Revenue from its foreign-exchange business ...

  5. Calmer Currency Markets Hit Bank of NY Mellon's 1Q

    Bank of New York Mellon (NYSE:BK) disclosed a 1% slide in first-quarter net income on Wednesday as the world's largest custody bank felt the impact of shrinking curr...

  6. Bank of New York Mellon 1Q Net Falls 1% On Lower Fee Revenue

    DOW JONES NEWSWIRESBank of New York Mellon Corp.'s (BK) first-quarter earnings fell 1% from a prior-year period that didn't have a credit loss provision as the trust...

  7. NewPage Creditors: BNY Mellon Not Cooperating With Probe

    NewPage Corp.'s unsecured creditors are seeking a bankruptcy court's help in investigating the company's $1.7 billion refinancing, accusing a key bank involved in th...

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