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Corning Incorporated (NYSE:GLW) Strikes Amended Credit Agreement With Financial Institutions

Boston, MA 10/06/2014 (wallstreetpr) – Corning Incorporated (NYSE:GLW) disclosed that it struck an amended and restated credit deal with the financial institutions. As a result, it would be in a position to have $200 million worth of credit in different currencies like, Dollars, Yen, Sterling and Euros. The latest agreement replaced its earlier deal struck in […]

The Bank of New York Mellon Corporation (NYSE:BK) Collaborates To Offer New Solutions

Boston, MA 09/24/2014 (wallstreetpr) – The Bank of New York Mellon Corporation (NYSE:BK) (BNY Mellon) partnered with Redington, an investment consulting firm, to offer new risk reporting services to its UK pension funds clients. Advantage The new reporting solution allows the customers to monitor the risk associated to their assets and liabilities on a quarterly […]

The Bank Of New York Mellon Corporation (NYSE:BK) Says Britain Is Probing Its Assets Protection System

Boston, MA 08/12/2014 (wallstreetpr) – The diversified global financial services provider, The Bank Of Yew York Mellon Corporation (NYSE:BK) disclosed that the Britain’s regulator is probing the system of protection in place as far as the assets are concerned. The move is reportedly to safeguard the clients’ interests. Investigation In a filing with the Securities […]

The Bank Of New York Mellon Corporation (NYSE:BK) Stuck On Global Debt Saga

Boston, MA 06/20/2014 (wallstreetpr) – A ruling by the Supreme Court essentially means that, The Bank of New York Mellon Corporation (NYSE:BK), will continue to be entangled in the unfolding debt saga over Argentina bonds. The Bank has been stuck in the dispute ever since New York’s Judge Thomas Griesa ruled against Argentina paying holders […]

Highly Mentioned: The Bank of New York Mellon Corporation (NYSE:BK), Ericsson (ADR) (NASDAQ:ERIC), MeadWestvaco Corp. (NYSE:MWV)

Boston, MA 06/04/2014 (wallstreetpr) – The Bank of New York Mellon Corporation (NYSE:BK) told the U.S. Securities Exchange Commission (SEC) it expects to suffer after-tax charges amounting to $200 million in 2Q2014 in separate charges. The first charge is related to severance charges where the company expects to incur after-tax charge of $100 million. The […]

The Bank of New York Mellon Corporation (NYSE:BK) Looking to sell its Corporate trust arm

Boston, MA 05/06/2014 (wallstreetpr) – The Bank of New York Mellon Corporation (NYSE:BK) in partnership with Goldman Sachs Inc. is looking for buyers as it seeks to offload its corporate trust arm, according to people with knowledge on the matter. The bank expects to fetch up to $2.5 billion from the unit normally used to process […]

Bank of New York Mellon Corporation (NYSE:BK) backtracks as Chesapeake case heats up

Boston, MA 04/15/2013 (wallstreetpr) – The Bank of New York Mellon Corporation (NYSE:BK) (Closed: $28.45, Down by 0.70%) had argued that an extra interest of $400 million should be paid by Chesapeake Energy Corporation (NYSE:CHK) (Closed: $19.68, Down by 2.28%) to bondholders if it does not win the lawsuit that had been filed to redeem […]

BB&T Buckles Up As BNY Losses STAR’ Case – BK

Boston, MA 02/13/2013 (wallstreetpr) – BB&T Corporation (NYSE:BBT) an American financial holding company is assessing the odds of it is winning a refund in a tax dispute with the Internal Revenue Services. The issue could cost it as much as $892 million. An unfavorable outcome in the foreign tax credit lawsuit against Bank of New […]

Eaton Vance (NYSE:EV) Announces Quarter Profit Up 13 Percent – EV, BX, BK, JNS, PSEC

Eaton Vance Corp (NYSE:EV) announced on Tuesday that its fiscal Q4 earnings surged 13 percent as the money manager benefited from rose assets under management and net inflows. Mutual fund executives like Eaton Vance have been developing funds to propose more safety in volatile markets in an effort to assist stem the tide of investors […]

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