Highlights
A collection of news and information related to Bank of New York Company published by Tribune Company sources.
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British banks lead Europe markets lower, offsetting hopes of interest rate cuts
AP Business WriterLONDON (AP) _ European stocks shed early gains Tuesday as ongoing fears about the health of the banking system, particularly in Britain, offset hopes that the world's leading central banks will follow Australia's lead and cut interest rates aggressively....Tags: Energy Saving, Money and Monetary Policy, Commodity Markets, Petroleum Industry, Barclays Plc
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Worst week for stocks since 2001
September couldn't end fast enough for a battered Wall Street. But if the first three days of October are any indication, last month may soon be considered the good old days. Stocks posted their worst week since the 2001 terrorist attacks, on worries the...Tags: Stock Activities, Lower House, Parliament, Stocks
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Mayor Bloomberg to attend London financial conference
New York Mayor Michael Bloomberg will travel to London joining with government officials and corporate leaders Oct. 6, for a conference on how to retain the two cities as financial centers amid unprecedented market turmoil. Bloomberg said Friday he...Tags: New York, The Goldman Sachs Group Incorporated, Renewable Energy, Regional Authority, Michael Bloomberg
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Fed pumps $50B into nation's financial system
THE ASSOCIATED PRESSUrgently trying to keep cash flowing amid a Wall Street meltdown, the Federal Reserve on Tuesday pumped $50 billion into the nation's financial system to help ease credit stresses. The Federal Reserve Bank of New York's action comes in addition to its...Tags: American International Group, Ben Bernanke, Bank of America Corp., Federal Reserve, Lehman Brothers Holdings Incorporated
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Bank of New York Mellon props up 6 institutional money funds
Bank of New York Mellon Corp., the world's largest custodian of financial assets, agreed to prop up six institutional money funds against losses on debt issued by bankrupt Lehman Brothers Holdings Inc. Costs to protect the funds, as well as four money...Tags: Lehman Brothers Holdings Incorporated, UBS AG
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Last major investment banks change status
The Federal Reserve said today it had granted a request by the country's last two major investment banks -- Goldman Sachs and Morgan Stanley -- to change their status to bank holding companies. The Fed announced that it had approved the request of the...Tags: Emergency Planning, National Government, Investment Service, Business Enterprises, Banking
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Goldman Sachs, Morgan Stanley allowed to set up banks
It was the end of an era on Wall Street yesterday after the Federal Reserve granted permission for the last two major, independent investment banks - Goldman Sachs and Morgan Stanley - to become bank holding companies in order to stay in business. The...Tags: The Goldman Sachs Group Incorporated, Federal Reserve, Lehman Brothers Holdings Incorporated, Investment Service, Morgan Stanley Dean Witter & Company
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We think: A federal law is needed to force firms to safeguard personal records
Thieves can steal your identity -- and your money -- by swiping your wallet, pilfering your mail, digging through your trash or tricking you into giving out personal information online. But even if you're careful to protect your information, you might...Tags: Laws, National Government, Bill Nelson, Consumers, Bill McCollum
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Fed OKs banks' new status
Associated PressWASHINGTON — The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks — Goldman Sachs and Morgan Stanley — to change their status to bank holding companies. The Fed announced it had...Tags: The Goldman Sachs Group Incorporated, Bank of America Corp., Federal Reserve, Lehman Brothers Holdings Incorporated, Investment Service
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Fed bailouts are a dime a dozen
In the 1994 elections, Republicans ended 40 years of Democratic control of the House of Representatives. So in 1995, a vice president of Fannie Mae wrote a letter to Ed Crane, president of the Cato Institute, saying that Fannie Mae intended to give that...Tags: John McCain, National Government, Barack Obama, Karl Marx, Bankruptcy
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Treasury, Fed leaders make decisions that will affect millions
Washington PostThe response to the gravest financial crisis in generations has been engineered to a remarkable degree by a committee of three. From the rescue of Bear Stearns Cos. to the takeovers of Fannie Mae, Freddie Mac and American International Group Inc., all...Tags: National Government, Political Systems, Bankruptcy, Banking, American International Group
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Morgan Stanley seeks deal with Wachovia
Morgan Stanley's stock price plunged again Thursday as the investment bank scrambled to strike a major deal or raise more cash that will assuage investors and prevent more damage to its free-falling shares. John Mack, the No. 2 U.S. investment bank's...Tags: Transportation, Corporate Officers, Bankruptcy, Mortgages, Business Enterprises
Oct 7, 2008
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Oct 5, 2008
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Sep 27, 2008
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Sep 16, 2008
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Sep 25, 2008
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Sep 21, 2008
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Sep 23, 2008
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Sep 22, 2008
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Sep 22, 2008
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Sep 21, 2008
|Story| Hampton Roads Daily Press
Sep 20, 2008
|Story| Los Angeles Times
Sep 18, 2008
|Story| South Florida Sun-Sentinel
