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Topic: Bank of New York


  
  New York Architecture Images- BANK OF NEW YORK
Alexander Hamilton, a highly respected New York attorney and future statesman, was enlisted to write the new Bank’s constitution and became the individual most actively involved in the organization of The Bank of New York, guiding it through its early stages, and leaving a lasting imprint on its philosophy and operation throughout its history.
By insisting that their Bank should be paid up in “specie only,” the founders of The Bank of New York responded to depositors’ concerns about the safety of a bank that circulated a quantity of paper disproportionate to its holdings.
The Bank of New York entered the twenty-first century as a premier provider of the essential services that enable institutions and individuals to move and manage their financial assets.
www.nyc-architecture.com /LM/LM051-BANKOFNEWYORK.htm   (2058 words)

  
 FOXNews.com - Fed Cites Bank of New York for Money Control Lapses - Business And Money | Business News | Financial News
The Bank of New York, one of the nation's oldest, was not fined in a new agreement with the Fed and the New York State Banking Department, which was dated Friday and made public on Monday.
The Bank of New York neither admitted nor denied the allegations in the SEC's suit filed in federal court in Manhattan, where the bank is based, but did agree to refrain from future violations of securities laws.
The Bank of New York, founded with the aid of Alexander Hamilton in 1784 and one of the nation's largest trust banks, was rocked by revelations in late 1999 that it had served as a conduit for $7 billion in Russian money — some of it believed to be from criminal activities.
www.foxnews.com /story/0,2933,192956,00.html   (818 words)

  
  Bank of New York buys Mellon Financial - Daily Business Update - The Boston Globe
Bank of New York Co. has agreed to take over Mellon Financial Corp. in a $16.5 billion all-stock deal that will create the world's largest securities servicing company and one of the biggest asset managers.
Bank of New York's shareholders will receive 0.9434 shares in the new company for each share of Bank of New York that they own, and Mellon shareholders will receive one share in the new company for each Mellon share they own.
Bank of New York and Mellon have entered into mutual stock option agreements for 19.9 percent of the issuer's outstanding common stock, the announcement said.
www.boston.com /business/ticker/2006/12/bank_of_new_yor_1.html   (704 words)

  
 Bank of New York - Wikipedia, the free encyclopedia
The Bank of New York was founded by Alexander Hamilton in 1784, making it the oldest bank in the United States.
In 1792, the Bank of New York was the first corporate stock to be traded on the New York Stock Exchange.
In 1948, the Bank acquired The Fifth Avenue Bank.
en.wikipedia.org /wiki/Bank_of_New_York   (775 words)

  
 ABC News: Bank of New York, JPMorgan Chase Seal Deal   (Site not responding. Last check: )
NEW YORK Apr 8, 2006 (AP)— The Bank of New York swapped its 338 retail branches and a regional small business operation for the corporate trust business of JPMorgan Chase, the companies announced Saturday.
JPMorgan Chase also is giving $150 million to the Bank of New York for the difference in value between the multibillion-dollars worth of assets being exchanged by the two New York-based institutions.
The Bank of New York is among the nation's largest trust banks and makes the bulk of its money in securities processing, treasury management and investment management.
abcnews.go.com /Business/wireStory?id=1821789&CMP=OTC-RSSFeeds0312   (294 words)

  
 ABC News: Bank of New York to Buy Mellon Financial   (Site not responding. Last check: )
Bank of New York Co. has agreed to take over Mellon Financial Corp. in a $16.5 billion all-stock deal that will create the world's largest securities servicing company and one of the biggest asset managers, it announced Monday, Dec. 4, 2006.
NEW YORK Dec 4, 2006 (AP)— Bank of New York Co. has agreed to take over Mellon Financial Corp. for stock valued at $17.6 billion in a deal that will create the world's largest securities servicing company and one of the biggest asset managers.
The new company which will preserve links to that heritage by calling itself the Bank of New York Mellon Corp. will be the world's leading asset servicer with $16.6 trillion in assets under custody.
abcnews.go.com /Business/wireStory?id=2698697&CMP=OTC-RSSFeeds0312   (489 words)

  
 Bank of New York, JPMorgan Chase seal long-rumored deal - Boston.com
The Bank of New York swapped its 338 tri-state retail branches and a regional small business operation for the corporate trust business of JPMorgan Chase in a long-rumored multibillion-dollar deal announced Saturday.
Bank officials said they were motivated to make the swap in part because of the increasing competition with national banks on the retail level in and around New York City.
The Bank of New York, founded with the help of Alexander Hamilton in 1784, is one of the nation's oldest banks.
www.boston.com /news/local/connecticut/articles/2006/04/08/bank_of_new_york_jpmorgan_chase_seal_long_rumored_deal   (569 words)

  
 Federal Reserve Bank of New York - Wikipedia, the free encyclopedia
Since the founding of the Federal Reserve banking system, the Federal Reserve Bank of New York in Manhattan's Financial District has been where monetary policy in the United States is implemented, although policy is decided in Washington by the Board of Governors of the Federal Reserve System.
The New York Fed is the largest, in terms of assets, and the most important of the twelve regional banks.
New York City is the financial capital of the United States, and the New York Fed is responsible for conducting open market operations -- the buying and selling of outstanding U.S. Treasury securities.
en.wikipedia.org /wiki/Federal_Reserve_Bank_of_New_York   (542 words)

  
 The Bank of New York Company, Inc. and Mellon Financial Corporation Agree to Merge, Creates the Global Leader in ...
The Bank of New York Company, Inc. is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide.
Directors and executive officers of The Bank of New York Company, Inc. and Mellon Financial Corporation and other persons may be deemed to be participants in the solicitation of proxies from the shareholders of The Bank of New York Company, Inc. and/or Mellon Financial Corporation in respect of the proposed transaction.
Issuers of news releases and not PR Newswire are solely responsible for the accuracy of the content.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-04-2006/0004484327&EDATE=   (1596 words)

  
 Bank of New York agrees to buy Mellon Financial for $16.5 billion - Business - International Herald Tribune
NEW YORK: Bank of New York Co. has agreed to take over Mellon Financial Corp. in a $16.5 billion (€12.4 billion) all-stock deal that will create the world's largest securities servicing company and one of the biggest asset managers.
In a presentation to analysts, executives said that once the deal is completed, the new company would be the 11th largest bank or brokerage in the United States by market capitalization and the largest trust bank by the same measure.
Bank of New York and Mellon have entered into mutual stock option agreements for 19.9 percent of the issuer's outstanding common stock, the announcement said.
www.iht.com /articles/ap/2006/12/04/business/NA_FIN_COM_US_Bank_of_New_York_Mellon.php   (933 words)

  
 Bank of New York agrees to buy Mellon Financial for $16.5 billion - USATODAY.com
Bank of New York (BK) said Monday it will buy Mellon Financial (MEL) for $16.5 billion in stock, creating an investor service behemoth and one of the world's largest asset managers.
The combined company, to be called Bank of New York Mellon, will rank first worldwide with $16.6 trillion of assets under custody, says globalcustody.net (custody services distribute cash and dividends held in trust on behalf of the trust owners).
Banks are on the hunt for deals using their rich stock, he says.
www.usatoday.com /money/industries/banking/2006-12-04-bank-of-ny-mellon_x.htm   (418 words)

  
 Bank of New York to buy Mellon | Chicago Tribune   (Site not responding. Last check: )
NEW YORK -- Bank of New York Co. said Monday that it has agreed to buy Mellon Financial Corp. in a $16.5 billion all-stock deal that will create the world's largest securities servicing company and one of the biggest asset managers.
The new company, which will be called Bank of New York Mellon Corp., will be the world's leading asset servicer with $16.6 trillion in assets, surpassing JPMorgan Chase and Co. as the world's largest custody bank.
Bank of New York's shareholders will receive 0.9434 shares in the new company for each share of Bank of New York they own, and Mellon shareholders will receive one share for each Mellon share they own.
www.chicagotribune.com /business/chi-0612050217dec05,0,2622284.story?coll=chi-business-hed   (537 words)

  
 Bank of New York Mellon Corporation (BK)
BNY has gradually become a more careful rationer of credit than most banks though its first loan, made in 1787, was $200,000 to the new and then-risky US government.
Founded in New York in 1784 by Alexander Hamilton, the Bank of New York (NYSE: BK) should probably be thought of as a global financial services technology company rather than as a bank because of its leading position as global securities processor that has harnessed computer technology to generate revenue.
The swap of with BNY of its corporate trust asset for BNY’s middle-market banking unit leads one to speculate that Chase’s current management doesn’t value financial asset services as much as it should to continue to be one of the leaders.
longbull.wikinvest.com /stock/Bank_of_New_York_Company_(BK)   (1611 words)

  
 Bank of New York buying Mellon Financial for $16.5B US
Bank of New York Co. has agreed to take over Mellon Financial Corp. in a $16.5-billion US all-stock deal that will create the world's largest securities servicing company and one of the biggest asset managers.
The new company, which will be called Bank of New York Mellon Corp., will be the world's leading asset servicer with $16.6 trillion US in assets under custody.
That means Bank of New York shareholders would get about 63 per cent of the shares in the new company.
www.cbc.ca /money/story/2006/12/04/bankofny.html   (1269 words)

  
 New York schools - New York public schools - New York school ratings - Best New York schools
New York's rating is based on its public schools' test results; 10 is best.
New York school information (click to expand)School information by state (click to expand)School information by city (click to expand)
All schools in New York, New York school districts, New York cities
www.greatschools.net /city/New_York/NY   (218 words)

  
 Bank of New York, Mellon Financial Corp. to merge : Business
NEW YORK: The Bank of New York and Mellon Financial Corp. are merging in a stock deal to create the largest securities servicing company and custodial bank in the world.
Bank of New York is the oldest bank in the U.S. It is a major provider of clearing services, or back office trade execution services, to small brokerages and hedge funds.
While the bank's current chairman and chief executive Thomas Renyi will be the executive chairman of the new bank, Robert Kelly, chairman and chief executive of Mellon, will be the chief executive officer and will succeed Renyi as chairman.
www.earthtimes.org /articles/show/11515.html   (389 words)

  
 kdka.com - Bank Of New York To Buy Mellon Financial
NEW YORK (AP) ― Bank of New York Co. has agreed to take over Mellon Financial Corp. in a $16.5 billion all-stock deal that will create the world's largest securities servicing company and one of the biggest asset managers.
Bank of New York's shareholders will receive 0.9434 shares in the new company for each share of Bank of New York that they own, and Mellon shareholders will receive one share in the new company for each Mellon share they own.
Bank of New York and Mellon have entered into mutual stock option agreements for 19.9 percent of the issuer's outstanding common stock, the announcement said.
kdka.com /local/Bank.Of.New.2.386363.html   (860 words)

  
 Bank of New York, Mellon merge to create top asset custodian - MarketWatch
News of the deal, which will also create the 11th largest financial institution in the U.S., was the latest sign of a pickup in industry consolidation and it lifted shares across the banking sector.
Bank of New York shares rose $4.27, or 12%, to close at $39.75, while Mellon shares added $2.73, or 6.8%, to $42.78.
Bank of New York was founded by Alexander Hamilton and financed some of the nation's earliest major development projects.
www.marketwatch.com /News/Story/Story.aspx?guid={16AB07C8-17BF-4806-94CF-771A5BF8D5AD}&source=blq/yhoo&dist=yhoo&siteid=yhoo&print=true&dist=printTop   (1125 words)

  
 Bank of New York Fourth-Quarter Profit Drops 68% - Earnings * US * News * Story - CNBC.com
The bank's shares were up $1.56, or 3.5 percent, to $46.65 in morning trading on the New York Stock Exchange.
Bank of New York also took a charge of $180 million, or 16 cents per share, to move a conduit, Three Rivers Funding, onto its balance sheet, citing widening credit spreads.
Bank of New York Mellon chairman to retire
www.cnbc.com /id/22705244   (950 words)

  
 NBP appoints The Bank of New York as global custodian - Banking Business Review   (Site not responding. Last check: )
The Bank of New York has been selected by Natexis Banques Populaires, the wholesale arm of France's fifth largest banking group, to provide global custodian services for its E80 billion of assets under custody across 48 different countries.
Tim Keaney, executive vice president and head of Europe for The Bank of New York, commented, "This is a very important mandate for The Bank of New York in a key market where we see significant growth potential.
The news comes just a day after it was announced that The Bank of New York had been appointed by Abbey to act as the global custodian for GBP30 billion of assets managed by its investment arm, Abbey National Asset Management (ANAM).
www.banking-business-review.com /article_news_print.asp?guid=4DA5FB35-10A7-43C9-90B8-9536DDFA2A3A   (368 words)

  
 wbztv.com - Bank Of New York To Buy Mellon Financial
Bank of New York and Mellon have entered into mutual stock option agreements for 19.9 percent of the issuer's outstanding common stock.
The new company, which will be called Bank of New York Mellon Corp., will be the world's leading asset servicer with $16.6 trillion in assets under custody and corporate trustee with $8 trillion in assets under trusteeship.
Bank of New York's shareholders will receive 0.9434 shares in the new company for each share of Bank of New York that they own.
wbztv.com /business/Bank.of.New.2.276248.html   (449 words)

  
 Bank of New York "outperform" | newratings.com   (Site not responding. Last check: )
Bank of New York quote - chart - all headlines - investor relations - analyst actions - add to watchlist - current ratings
NEW YORK, June 13 (newratings.com) - Analyst Jacqueline Reeves of Ryan Beck & Co maintains her "outperform" rating on Bank of New York (BK.NYS).
Bank of New York will have a 90,000-client global corporate trust franchise around the world, along with total debt worth $8 trillion after the JPM Chase corporate trust deal, Ryan Beck & Co adds.
www.newratings.com /analyst_news/article_1295984.html   (270 words)

  
 Bank of New York close to selling branches - U.S. business- msnbc.com
NEW YORK - Bank of New York Co. is close to selling about 300 branch offices to J.P. Morgan Chase and Co. in a deal that could be worth $4 billion, CNBC reported Thursday.
Bank of New York is one of the largest retail banks in the New York metropolitan area with 342 branches and about 700,000 households.
The venerable bank, founded in 1784 by Alexander Hamilton, for many years has been under pressure to exit the retail banking business, which is subject to interest rate swings and is less profitable than securities processing.
www.msnbc.msn.com /id/12079872   (559 words)

  
 Bank of New York to Buy Mellon Financial   (Site not responding. Last check: )
NEW YORKBank of New York Co. has agreed to take over Mellon Financial Corp. for stock valued at $17.6 billion in a deal that will create the world's largest securities servicing company and one of the biggest asset managers.
The new company — which will preserve links to that heritage by calling itself the Bank of New York Mellon Corp. — will be the world's leading asset servicer with $16.6 trillion in assets under custody.
The information contained in the AP Online news report may not be published, broadcast or redistributed without the prior written authority of The Associated Press.
www.journal-news.com /money/content/shared-gen/ap/Finance_General/Bank_of_New_York_Mellon.html   (1072 words)

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