Topic: The Bank of New York Mellon Corporation

Foreign currency trading: Mellon charged with fraud

Foreign currency trading earned Mellon $2 billion extra by defrauding clients, New York attorney general charges. Mellon says state misunderstands bank's role in foreign currency trading.

Dow Jones roller coaster finishes higher. What made the stock market so wild?

The stock market has taken investors on a wild ride. After plunging Thursday, the Dow Jones swung through a 416-point range Friday before finishing up almost 61. One reason for the behavior is investor fear.

Foreclosures in New York City near 2,000. Are banks keeping up the buildings?

Foreclosures come into the spotlight in New York after a fire at one of those foreclosures claims three victims. State senator says banks that own properties aren't maintaining them.

Stocks end higher, led by materials, energy

After Standard & Poor's downgraded its outlook on US debt Monday and sent stocks downward, stocks rose on Tuesday, with the Dow gaining about 65 points

Stocks end down for week amid uncertainty

Stocks on the Dow gained Friday. But the Dow average closed lower for the week, which turned out to be tumultuous for stocks.

Stock exchange gorilla in the room: Europe

Stock exchange jitters reverberated from Shanghai to New York because of debt problems in Europe.

Stock markets rise on hopes of Fed easing

Stock markets from Asia to Europe are higher, anticipating that the Federal Reserve will try to boost the struggling US economy.

Bankruptcy protection filed by Blockbuster

Bankruptcy protection: In a submission to the U.S. Bankruptcy Court in the Southern District of New York on Thursday, Blockbuster said it reached an agreement with bondholders on a recapitalization plan.

Bond bubble or not, bonds are getting risky

Investors who rushed into bonds to avoid risk may find precisely the opposite. Some call it a bond bubble.

This recovery is a sham

Money Daily Brief: World stocks rise on Bernanke recession comment

Stress tests behind them, banks move to pay back TARP funds

Some firms, including Morgan Stanley, race to prove they can fund themselves by turning to private investors.

Four big banks need more capital to weather recession, US finds

'Stress tests' reveal that banks need to raise more than $65 billion to be able to keep lending if the recession drags on.

Five things the bank stress tests will and will not do

The tests will be the first clear look at which banks are doing better than others, for example, but they won't be the last word.

Trapped in TARP? Banks eager to exit the US bailout program find it's not so easy.

A hasty exodus could weaken the wobbly banking system, US officials say. They're poised to raise the bar for those wanting out of the Treasury-runprogram.

Europe's financial crisis is spreading eastward

Hungary and Ukraine received emergency loans from the IMF Sunday. Belarus and Serbia are asking for help, too.

Dow's historic drop reflects financial system's challenges

After 778-point plunge, markets need private investment and bank restructuring for a recovery.