bank of new york mellon

When Countrywide Financial created deeply flawed mortgage-backed securities, it wasn't just selling bad financial products: It was breaking its contracts. Now some ordinary investors are suing Countrywide's buyer, Bank of America, to force it to repurchase those bad mortgages. That's their right, but there's nothing simple about this case, or its ramifications.

Warren Buffett's Berkshire Hathaway has revised its investment portfolio during the third quarter, buying up shares of Bank of New York Mellon while unloading its stake in Home Depot.

New York's Attorney General has sued Bank of New York Mellon's Ivy Asset Management unit for keeping its clients' money with Ponzi-scheme operator Bernie Madoff -- even though it knew it was a scam. The investment adviser was earning big fees from Madoff.

Retail investors may be forgiven if they view bank stocks with great skepticism. After all, the financial sector touched off the conflagration that ultimately became the Great Recession. But that doesn't mean there aren't some bargains in the banking sector, and noted bank analyst Dick Bove of...

Some of the same forces that helped Wall Street's biggest firms make lots of money buying and selling bonds are also responsible for a giant, unexpected third-quarter loss at Bank of New York Mellon (BK), the company said Tuesday. The largest of the so-called custodial banks that specialize in...

Now that regulators have completed their examination of financial institutions' balance sheets, the banks that received passing grades are working furiously to return the capital infusions they received from the Treasury Department's $700 billion bailout fund last fall. Nine financial...

A Washington ethics watchdog wants former Sen. John E. Sununu to choose between his position on the congressional panel charged with overseeing the government's $700 billion bailout program and his seat on the board of a company with close ties to the bank hired to manage the funds. "It's a huge...