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Bank of New York Company

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  • L.A. council votes to pressure two banks to redo interest rate swaps

    The Los Angeles City Council voted unanimously Wednesday to seek to redo borrowing deals with two banks that advocates say are charging excessive interest rates and eating up money that could help with major infrastructure repairs.
  • Should big banks be broken apart?: Front Burner

    Should big banks be broken apart?: Front Burner
    First lady Michelle Obama has led the charge to cut Americans down to size, encouraging couch spuds to reduce their girth. Not only are diet discussions gaining traction in supermarkets, but also in U.S. financial markets. A rising chorus of powerful...

    Group protests L.A. loan rates by dumping trash at downtown bank

    Group protests L.A. loan rates by dumping trash at downtown bank
    A coalition of city workers and community groups delivered debris from a South Los Angeles alley to the front door of a bank downtown Wednesday to protest what they call "toxic" deals between the city and large Wall Street firms. In 2006, the city...

    KidsPeace emerges from bankruptcy

    KidsPeace, the Orefield-based organization that's been treating troubled children for more than a century, emerged from bankruptcy Friday after shedding more than $80 million in pension obligations and millions of dollars in yearly debt. Fourteen months...

    Only 1 U.S. bank among world's top 10

    Only 1 U.S. bank among world's top 10
    A list of the world’s 100 largest banks is out, and the United States has only one representative in the top 10. Topping the list is Industrial & Commercial Bank of China Ltd., with $3.174 trillion in assets, according to numbers released...