All articles tagged with #bank of new york mellon
Originally Published 6 months ago — by Yahoo Finance
Northern Trust has reaffirmed its commitment to remaining independent despite reports that Bank of New York Mellon expressed interest in a merger, emphasizing its focus on delivering long-term value to stakeholders.
Originally Published 2 years ago — by Reuters
Industrial and Commercial Bank of China's (ICBC) hack resulted in its U.S. unit owing Bank of New York Mellon $9 billion due to unsettled trades, leading the parent company to inject capital into the unit to settle the trades. ICBC has since paid back the amount. This attack is the latest in a series of ransom demands made by hackers this year. ICBC's U.S. unit is investigating the attack and has hired a third party to ensure the safety of its systems.
Originally Published 2 years ago — by Reuters
A US judge has dismissed most of Commerzbank's lawsuit against Bank of New York Mellon (BNY Mellon), where the German bank sought to hold BNY Mellon liable for over $1 billion in losses on toxic mortgages purchased before the 2008 financial crisis. The judge rejected Commerzbank's claims on all but 13 of the 100 certificates and notes it bought and dismissed all negligence claims against BNY Mellon. The surviving claims cover 13 certificates that Commerzbank bought from Barrington II CDO Ltd, but only as to whether BNY Mellon acted as a "prudent person" following borrower defaults.
Originally Published 2 years ago — by Fox Business
Berkshire Hathaway, led by Warren Buffett, purchased 9.9 million shares of Capital One Financial Corp. worth $954 million, while dropping its stakes in Bank of New York Mellon and U.S. Bancorp, according to a regulatory filing. The company was a net seller of stocks in the quarter, buying $2.87 billion and selling $13.28 billion as it devoted resources elsewhere, including $8.2 billion to boost its stake in truck stop operator Pilot Travel Centers to 80% from 38.6%.
Originally Published 2 years ago — by Barron's
Berkshire Hathaway sold its equity investments in Bank of New York Mellon, U.S. Bancorp, Taiwan Semiconductor, and RH during the first quarter, according to a recent filing.