bank of new york

There are two sides to every story, and sometimes three, four or five. An audit by the Special Inspector General for the Troubled Asset Relief Program claims that the Federal Reserve Bank of New York allowed banks to get 100% of the value of complicated financial instruments that they had insured with AIG (AIG).

An out-of-court settlement has been reached in the $22.5 billion Russian government lawsuit against Bank of New York Mellon and an agreement is to be signed soon, the Finance Minister said Wednesday .

In the settlement of a suit relating to a 1990s money laundering scandal, the Bank of New York Mellon will pay the Russian government’s legal fees of about $14 million.

The Bank of New York Mellon has agreed to settle a lawsuit by the Russian government for $14 million, a senior Russian official said.

Russia’s Finance Minister says terms have been reached for an out-of-court settlement of a $22.5 billion Russian government lawsuit against Bank of New York Mellon and that the agreement is to be signed soon.

Russia's Finance Minister says terms have been reached for an out-of-court settlement of a $22.5 billion Russian government lawsuit against Bank of New York Mellon and that the agreement is to be signed soon.

The Federal Reserve Bank of New York has named a top state labor union official its chairman, the bank announced Monday.

The Federal Reserve Bank of New York on Friday announced the creation of an investor advisory group, part of its ongoing efforts to closely monitor economic and financial conditions.

Under the deal, A.I.G. will give the Federal Reserve Bank of New York preferred interests in its two largest life insurance units outside the United States.

Bank of New York Mellon said Wednesday it repaid the $3 billion it received last fall as part of the government's $700 billion bank investment program.