Search for: "The Bank Of New York MellonĀ " Results 81 - 100 of 439
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4 Oct 2016, 4:17 pm by Sabrina I. Pacifici
In April of this year, the agencies jointly determined that each of the 2015 resolution plans of Bank of America, Bank of New York Mellon, JPMorgan Chase, State Street, and Wells Fargo was not credible or would not facilitate an orderly resolution under the U.S. [read post]
11 Jul 2016, 2:02 pm by Thomas Kidera
On July 5, 2016, the First Department of the Appellate Division of the Supreme Court of the State of New York affirmed the partial grant of Bank of New York Mellon’s (“BNY”) motion to dismiss certain claims brought by RMBS investors arising from BNY’s alleged failure to perform its duties as RMBS trustee. [read post]
29 Jun 2016, 4:27 pm by Sabrina I. Pacifici
If the Federal Reserve objects to a capital plan, a firm may not make any capital distribution unless expressly authorized by the Federal Reserve….The Federal Reserve did not object to the capital plans of Ally Financial, Inc.; American Express Company; BancWest Corporation; Bank of America Corporation; The Bank of New York Mellon Corporation; BB&T Corporation; BBVA Compass Bancshares, Inc.; BMO Financial Corp.; Capital One Financial… [read post]
27 Jun 2016, 8:24 pm by Kate Howard
The petition of the day is: The Bank of New York Mellon v. [read post]
27 Jun 2016, 1:56 pm by Nicholas Poli
On June 23, 2016, the First Department of the Appellate Division of the Supreme Court of the State of New York decided an appeal in an action brought by Bank of New York Mellon, as RMBS Trustee, against WMC Mortgage and JP Morgan. [read post]
8 Jun 2016, 2:49 pm by Kevin LaCroix
On May 23, 2016, in an interesting development in one of the more high profile lawsuits to arise out of the financial crisis, the Second Circuit reversed the $1.27 billion civil penalty that Southern District of New York Judge Jed Rakoff  imposed on Countrywide and several related defendants in a case involving the company’s sale of mortgages to government sponsored entities. [read post]
6 Jun 2016, 12:59 pm by Thompson & Knight LLP
Debtors’ liabilities total approximately $413 million which include: (i) $125 million pursuant to a 2014 Indenture with The Bank of New York Mellon Trust Company, N.A. as Trustee and Collateral Agent; (ii) and $283.5 million pursuant to a Second Lien Indenture also with The Bank of New York Mellon Trust Company, N.A. as Trustee;  and (iii) $5.8 million to several trade vendors. [read post]
29 May 2016, 6:40 am
Those five companies were Bank of America, Bank of New York Mellon, JPMorgan Chase, State Street and Wells Fargo. [read post]
16 May 2016, 12:45 pm by Thompson & Knight LLP
Debtors’ liabilities total approximately $7.695 billion in funded debt obligations which include: (i) $1.9 billion pursuant to a 2013 Lien Credit Agreement with Wells Fargo Bank N.A., as administrative agent; (ii) $1 billion pursuant to a 2015 Second Lien Notes with Delaware Trust Company, as successor trustee; (iii) $3.023 billion pursuant to several senior unsecured notes with Wilmington Trust Company, as indenture trustee; (iv) $899 million pursuant to a 2010 reserve-based credit… [read post]
2 May 2016, 10:11 am by Darren S. Teshima
  Plaintiff Bank of New York Mellon Trust Company, N.A., as trustee of a CMBS deal, alleged that Morgan Stanley breached an environmental conditions contract representation, requiring Morgan Stanley to repurchase an $81 million mortgage loan. [read post]
13 Apr 2016, 4:58 pm by Sabrina I. Pacifici
The agencies have jointly determined that each of the 2015 resolution plans of Bank of America, Bank of New York Mellon, JP Morgan Chase, State Street, and Wells Fargo was not credible or would not facilitate an orderly resolution under the U.S. [read post]
4 Apr 2016, 2:05 pm by Katie Lieberg Stowe
District Court for the Southern District of New York granted in part and denied in part Bank of New York Mellon’s motion to dismiss an action brought by BlackRock. [read post]
7 Mar 2016, 9:49 am by Thomas Kidera
Woods of the United States District Court for the Southern District of New York issued an Opinion and Order denying in part and granting in part the Bank of New York Mellon’s (“BNYM”) motion to dismiss an action brought by Royal Park Investments SA/NV (“Royal Park”) claiming damages of $1.12 billion arising from failures by BNYM, in its capacity as trustee, to protect the interests of investors in certain RMBS… [read post]
23 Feb 2016, 7:36 am by Ken Herzinger
  These additional remedies include forward-looking remedies such as limitations on individuals’ supervisory functions, suspensions of licenses, prohibitions on the taking on of new clients in the affected business area, prohibitions on continuing activities in the affected area, and structural changes within a firm designed to achieve compliance. [read post]
16 Feb 2016, 7:17 am by Thomas Kidera
On February 5, 2016, the Bank of New York Mellon (“BNY Mellon”), in its capacity as trustee of 530 RMBS trusts, filed an Article 77 petition with the Supreme Court of the State of New York requesting instruction as to how it should distribute proceeds from an upcoming $8.5 billion settlement payment from Bank of America Corporation. [read post]
26 Jan 2016, 5:00 am by D Daniel Sokol
Venky Venkateswaran (New York University); Ariel Zetlin-Jones (Carnegie Mellon University); Ali Shourideh (University of Pennsylavnia) and Benjamin Lester (Federal Reserve Bank of Philadelphia)examine Screening and Adverse Selection in Frictional Markets. [read post]
18 Jan 2016, 4:00 am by The Public Employment Law Press
Lehman served as the program manager for New York Stateon the Peace Bridge, and the project director for risk management and project controls on the new New York Bridgeover the Hudson. [read post]
11 Jan 2016, 9:09 am by James Fee
On December 23 and 24, Commerzbank AG filed four actions in the Southern District of New York against Deutsche Bank National Trust Company, HSBC Bank USA, N.A., Wells Fargo Bank, N.A., and the Bank of New York Mellon in their capacities as trustees for a number of RMBS trusts. [read post]