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Bank of New York Company

A collection of news and information related to Bank of New York Company published by this site and its partners.

Top Bank of New York Company Articles

Displaying items 12-22
  • L.A. Council calls for banks to renegotiate bond interest rates

    L.A. Council calls for banks to renegotiate bond interest rates
    The Los Angeles City Council unanimously voted Wednesday to try to get out of borrowing deals with banks that advocates say are siphoning off money from the city. But at the council meeting, questions arose about how and where the city could use any...
  • 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. The vote made Los...
  • 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...
  • Did the banks rip off Los Angeles?

    Did the banks rip off Los Angeles?
    Big U.S. banks have paid billions of dollars to settle claims by state and federal prosecutors that they trapped unsophisticated borrowers in disastrous subprime mortgages at the height of the housing boom. Now, some Los Angeles City Council members argue...
  • Too-big-to-fail banks' living wills are inadequate, regulators say

    Too-big-to-fail banks' living wills are inadequate, regulators say
    Six years after the financial crisis, regulators said that 11 banks deemed too big to fail still have produced no workable procedures to help regulators shut them down should they ever reach the brink of failure. The Federal Reserve and the Federal...
  • Judge OKs $8.5-billion Bank of America mortgage settlement

     Judge OKs $8.5-billion Bank of America mortgage settlement
    NEW YORK — A New York state judge has approved nearly all of an $8.5-billion settlement between Bank of America and large investors who suffered losses in mortgage-backed bonds stemming from the housing meltdown. The settlement centers around...
  • BofA's legal costs mount in Countrywide mortgage fiasco

    NEW YORK — A federal judge will soon decide how much Bank of America should pay for some of Countrywide Financial Corp.'s sins in the lead-up to the financial crisis. Federal prosecutors want BofA to pay $864 million after the bank's stinging...
  • L.A. councilman wants Wall Street banks to cut bond refinance fees

    A Los Angeles city councilman wants out of deals with two Wall Street banks he says are costing the city money. Councilman Paul Koretz introduced a motion Friday that calls on two banks to either renegotiate contracts with the city at no cost, or for...
  • Nearly all top U.S. banks could withstand severe recession, Fed says

    WASHINGTON -- Only one of the nation's 30 largest banks would not be able to withstand a severe recession and the firms collectively are in better financial position to handle economic shocks than five years ago, according to Federal Reserve stress test...
  • Fraud trial opens for former Northbrook CEO

    Fraud trial opens for former Northbrook CEO
    Eric Bloom was still in his 20s when he took over his father’s Sentinel Management Group Inc., a well-connected Northbrook money management firm known for always paying dividends on safe, reliable investments. But prosecutors say Bloom secretly...
  • Moody's cuts ratings of four big banks on reduced bailout chance

    Moody's cuts ratings of four big banks on reduced bailout chance
    WASHINGTON -- Moody's Investor Services on Friday said it cut the credit ratings for four big U.S. banks because of reduced chances the government would bail them out in a future crisis. The ratings for bank holding company debt of JP Morgan Chase & Co....