Securities sales at BNY Mellon under review - CNN Money

Story date: 2008-08-08 11:45:00
Added on: 2008-08-08 13:37:51

NEW YORK (AP) -- Bank of New York Mellon Corp. said in a regulatory filing Friday the Securities and Exchange Commission is investigating the sale and purchase of auction-rate securities. Auction-rate securities are bonds whose interest rates are set ...


Read more...

Related Stories:

• (AFX UK Focus) 2008-05-01 18:22 Bank of New York Mellon cuts prime rate to 5 percent (Interactive Investor)

  NEW YORK (AP) - Bank of New York Mellon lowered its prime rate by one-quarter percentage point after the Federal Reserve cut...
  2008-05-01 10:53:51

• Bank of New York Mellon Cuts Prime Rate (AP via Yahoo! Finance)

  Bank of New York Mellon Corp. lowered its prime rate by one-quarter percentage point after the Federal Reserve cut its key...
  2007-12-12 07:43:10

• BNY Mellon 3rd-quarter profit tumbles 53 percent, tops forecast (Pittsburgh Post-Gazette)

  NEW YORK -- Bank of New York Mellon Corp. said today that its third-quarter profit dropped 53 percent, hurt by securities losses...
  2008-10-16 01:59:40

• Investors' funds in auction-rate securities frozen

  International Herald Tribune - The $330 billion auction-rate market is dominated by municipalities and other tax-exempt institutions like the Port Authority of...
  2008-02-15 02:17:00

• New York Sues UBS, Alleges Auction-Rate Fraud (Fox News)

  New York Attorney General Andrew Cuomo filed a civil lawsuit Thursday against UBS AG , accusing the Swiss bank of steering customers...
  2008-07-24 09:53:33

• California, New York Dump Auction Debt; States Push on Ratings

  Bloomberg - New York plans to sell $448 million to refinance debt, including auction-rate securities. The Port Authority of New York and...
  2008-03-09 10:53:00

• The Sad Story of Auction-Rate Securities - Barron's Online

  ALL AUCTION-RATE SECURITIES are not created equal. How much money investors get back from these instruments devastated in the recent credit crisis...
  2008-05-25 05:54:00

• Investors sue Bank of America over auction rate securities - MSN MoneyCentral

  Investors filed a class-action lawsuit Thursday against Bank of America Investment Services Inc. and Bank of America Securities, alleging that brokers deceived...
  2008-07-18 11:13:00