Bank of New York

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Bank of New York

The oldest bank in the United States. It was founded in 1784 by Alexander Hamilton, who later became the first Secretary of the Treasury. It merged with the Mellon Financial Corporation in 2007 to form the Bank of New York Mellon.
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The Bank of New York Mellon's Aaa rating for deposits and senior debt reflects the high likelihood of systemic backup from the US authorities in the event of financial stress, which, according to the agency, does not apply to its Belgian unit.
"As the latest additions to our growing team here in the Middle East, these appointments underline the scope of the solutions and the breadth of expertise that we can offer to investors and issuers across the MEA region," said Hani Kablawi, managing director and head of MEA at The Bank of New York Mellon.
Treasury said it hired the Bank of New York Mellon on Oct.
The Bank of New York Mellon has relationships in the Middle East dating back to the early 1900s and will conduct business through its Dubai International Financial Centre branch and its regional representative offices in Abu Dhabi, Beirut, Cairo, Istanbul and Johannesburg.
"The settlement agreement resolves the claims between the parties with a payment of $110 million by the [Bank of New York] to GMAC," the Bank of New York said in a statement.
The Bank of New York announced that it has been selected by Gazprom to serve as a trustee, registrar, paying and transfer agent for it's $1.75 billion, 9.625 percent loan participation notes due in 2013.
THE European head of the Bank of New York says its new Liverpool operation has plenty of scope to expand.
The working group will include senior representatives of the two major cleating banks (JP Morgan Chase and The Bank of New York), the Government Securities Clearing Corporation, securities dealers, interdealer brokers, custodian banks, The Bond Market Association, and the Investment Company Institute.
There are also many questions swirling about the Bank of New York (BONY) and its troubles in the wake of the attack.
The Bank of New York said Thursday that it has reached an agreement to buy the corporate trust business of Dai-Ichi Kangyo Bank (DKB) of California, in a bid to strengthen its trust business on the west coast of the United States.
government officials and the mainstream media to the $7 billion or more of Russian money laundered through the Bank of New York might make you think this is the first time that multimillions have been stolen from Russia--or elsewhere--and washed through the international offshore system.
New York: Fitch Ratings has assigned an 'F1+' commercial paper (CP) rating to The Bank of New York Mellon's (BNY Mellon) newly established $5 billion 3(a)(2) CP program.