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Bank of New York Company

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Top Bank of New York Company Articles see all

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  • Regulators act to require stronger bank capital

    Regulators act to require stronger bank capital
    WASHINGTON — Regulators are acting to require U.S. banks to build a sturdier financial base to lessen the risk that they could collapse and cause a global meltdown.
  • Nearly all top U.S. banks could withstand severe recession, Fed says

    Nearly all top U.S. banks could withstand severe recession, Fed says
    WASHINGTON -- Only one of the nation's 30 largest banks would not be able to withstand a severe recession and the firms collectively are in better financial position to handle economic shocks than five years ago, according to Federal Reserve stress test...

    Judge OKs $8.5-billion Bank of America mortgage settlement

     Judge OKs $8.5-billion Bank of America mortgage settlement
    NEW YORK — A New York state judge has approved nearly all of an $8.5-billion settlement between Bank of America and large investors who suffered losses in mortgage-backed bonds stemming from the housing meltdown. The settlement centers around...

    BofA's legal costs mount in Countrywide mortgage fiasco

    BofA's legal costs mount in Countrywide mortgage fiasco
    NEW YORK — A federal judge will soon decide how much Bank of America should pay for some of Countrywide Financial Corp.'s sins in the lead-up to the financial crisis. Federal prosecutors want BofA to pay $864 million after the bank's stinging...

    Target account breach one in long string of consumer-data hacks

    Target account breach one in long string of consumer-data hacks
    The announcement by Target on Thursday that 40 million credit and debit card accounts may have been breached by cyber-crooks is just one in a string of notable consumer-data breaches in recent years.  The Minneapolis-based retailer said the unauthorized...