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Entries tagged "Bank of New York Mellon"Kelly leaves BofA CEO gig to MoynihanReports are coming out that Bank of America's Brian Moynihan is interested in the CEO position and Bank of New York Mellon's Robert Kelly does not want the job. Hiring: Bank of NY Mellon, Morgan Stanley and moreThe latest financial institutions hiring include Morgan Stanley, J.P. Morgan, Bank of New York Mellon and Standard Chartered Bank. Is Treasury protecting Morgan Stanley?It seems one of the original nine TARP recipients that have subsequently paid back Treasury was near collapse last October. Do the May stress tests imply it was Morgan Stanley? Hiring: UBS, Bank of NY Mellon and moreUBS, J.P. Morgan, and Bank of New York Mellon are the latest financial institutions reportedly hiring. Hiring: Jefferies, Wells Fargo and moreThe latest latest financial institutions said to be hiring include Wells Fargo, Jefferies & Co., HSBC and more. Paulson to banks: Take TARP or elseThe CEOs of the country's nine largest banks were allegedly bullied into accepting TARP. So as several of the institutions rush to repay it, will small, community banks clamor for TARP cash? Finance Layoffs: BlackRock, BOA, Blackstone and moreMore tough news for bankers as the layoff announcements continue. A total of 92,260 job cuts have been announced at major investment banks since October. Earlier this week financial services firms had already announced 220,506 job cuts so far this year, according to Challenger, Gray & Christmas. Fresh layoff announcements are adding to that number. Here are some of the the latest.... Bank Watch: Stocks slide, and banks sufferStocks slid Monday morning. The Dow was down 370.60 at 8,458.44, the S&P 500 fell 42.37 to 853.87, and the Nasdaq slid 68.12 to 1,467.45. Financial stocks came up short Monday morning. ... Cuomo looks for bonus info from nine banksNew York Attorney General Andrew Cuomo sent letters to nine banks Wednesday demanding bonus information for top executives. The banks, which all received taxpayer bailout funds from the U.S. Treasury Department, are J.P. Morgan Chase & Co., Citigroup Inc., Wells Fargo & Co. Goldman Sachs Group Inc., Bank of New York Mellon Corp., Merrill Lynch and Co., Morgan Stanley, State Street Corp. and Bank of America Corp.... Bank Watch: More bad earnings announcementsStocks ended down, and banks got clobbered by more bad earnings announcements. The Dow fell 127.04 to 8,852.22, the Nasdaq slipped 6.42 down to 1,711.29, and the S&P 500 fell points to 940.55.... Bank Watch: Earnings ThursdayIt's a busy day for banks. Banks could take a beating again in the markets Thursday as several are announcing third-quarter earnings. Many of the earnings are weathered by the credit crunch and write-downs -- a sure sign of the times. At midday, the Dow is down 164.15 points to 8,413.76, the Nasdaq down 15 points to 1,613 and the S&P 500 down 24 to 882. See a wrap up of all of the earnings announcements after the jump. ... Will the government's capital plan encourage bank consolidation?Treasury Secretary Hank Paulson's plan to invest $125 billion in the nation's nine leading banks is intended to send a clear message to the credit markets, but the hastily planned investments prompt a slew of questions. In short, Treasury's effort to "destigmatize" troubled institutions by also buying into healthy banks means the latter could put that capital to work in an offensive, rather than a defensive, fahion. That could mean more acquisitions between have banks and have-not banks. Paulson is undoubtedly aware of this "side effect," which may in fact be intentional. After all, he didn't give troubled banks... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Bank of New York Mellon." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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