Tag Archives: Bank of New York Mellon

How have the cultures and policies of megabanks such as Bank of America and CitiGroup changed since the financial crisis? Hear what the CEOs of eight of the largest U.S. banks had to say before the House Financial Services Committee.

Bank of New York Mellon's residential mortgage-backed securities legal issues and BankUnited's recent departure from retail mortgage originations appeared to have little to no effect on these companies' incomes in the fourth quarter of 2015. Read on to see what is driving these institution's profits way up in the fourth quarter.

The Federal Deposit Insurance Corp. has sued Bank of New York Mellon, claiming that the bank breached its duties as bond trustee for $2.06 billion worth of residential mortgage-backed securities purchased by an FDIC-insured bank in Texas which later failed.