Bank of New York Mellon has reported fourth quarter net income of $505m, compared with $679m in the fourth quarter of 2010 and $651m in the third quarter of 2011.
Moelis & Co, Sumitomo Mitsui Banking Corporation , and SMBC Nikko Securities Inc., a wholly-owned subsidiary of SMBC, has announced that they have signed an agreement to strengthen their existing business alliance, and for SMBC to invest approximately $93m in Moelis & Company.
Preet Bharara, the United States Attorney for the Southern District of New York, has announced a partial settlement of the civil fraud lawsuit the United States filed against the Bank of New York Mellon that will require BNYM to reform certain business practices.
Boston - State Street Corporation has full-year and fourth-quarter 2011 earnings.
Even though it's bonus season, it's job loss speculation that's hitting the headlines again.
Walid A. Chammah, the chairman of Morgan Stanley International, is retiring, according to a memorandum sent on Tuesday to employees and seen by The New York Times.
Here's a few links to some interesting Bloomberg and New York Times stories currently doing the rounds.
Washington, D.C. – The Securities and Exchange Commission has charged an investment advisory arm of UBS with failing to properly price securities in three mutual funds that it managed, resulting in a misstatement to investors of the net asset values (NAVs) of those funds.
Deutsche Bank and Hewlett-Packard have announced a ten-year, multibillion dollar agreement that will further modernise the Bank’s global information technology environment and aims to significantly reduce related IT infrastructure costs.
The divorce of billionaire hedgie Ken Griffin just keeps on providing revelations about the couple's spending.
The asset management arm of Britain’s biggest insurer has been fined £17.6m by the City watchdog for “systems and controls” failures and has paid £132m in compensation to eight funds it managed.