Hints and tips:
...Lenders — often banks — originate loans that are then sold to a trust. The trustee effectively acts on behalf of investors that buy bonds backed by the payments on the loans....
...Bank of New York Mellon swapped $1.2bn in assets from its Dreyfus Cash Management fund as it faced redemption orders for $6bn — equivalent to about half its assets — in a week....
...When revenue from program sales tailed off, he moved into providing trust services for banks as well as automating back-office functions. This remained SEI’s prime activity throughout the 1970s....
...Insight Investment, the $526bn asset manager owned by BNY Mellon, has appointed Victoria May as head of institutional for North America....
...And also, a plan by Adam Lerrick for restructured bondholders to extricate themselves from the default simply by voting to kick Bank of New York out as their trustee....
...Berkshire had the money for rescue loans to Goldman Sachs in 2008 and Bank of America in 2011, moments of great fear in the markets when everyone except the US government seemed to be fleeing....
...Hence confusion about the “default”. Last month Argentina deposited $539m with its trustee, Bank of New York Mellon, to pay exchange bondholders....
...More than 93 per cent of investors support the settlement, Matthew Ingber of Mayer Brown, who represented Bank of New York Mellon, which is the trustee for the claims, said on Monday as part of closing arguments...
...loans....
...The settlement was first announced in June 2011, brokered by a law firm, Gibbs & Bruns, with 22 of the biggest investors led by BlackRock and BofA and the trustee for the pools of loans, Bank of New York...
...The former official saw little prospect that the three-judge panel would water down the tough order, issued last year by New York Judge Thomas Griesa, that would effectively block the Bank of New York Mellon...
...Bank of New York Mellon, and the impact on third parties....
...Judge Griesa had given his order teeth by requiring parties handling payments to the EBG, including Bank of New York Mellon, not to help Argentina circumvent the ruling by diverting payments....
...Exchange, Deutsche Bank, Goldman Sachs and Bank of New York Mellon....
...“Trust was shaken today,” Deutsche Bank chief european economist Thomas Mayer told the New York Times. As one executive of a major global bank said later, “It was something none of us had experienced....
...Even on a quick skim you can get a sense of the importance – and careful wording – of the trust indenture which sets up Bank of New York as trustee for bondholders....
...— one amicus missive from the Federal Reserve Bank of New York, in a case in which (for now) official intervention has otherwise relatively waned....
...Last month, for example, the Sorin Real Estate CDO [collateralised debt obligation] switched its counterparty bank on a swap transaction from Citi to Bank of New York Mellon....
...Baupost said in its complaint that it had told BNY Mellon, the trustee for the MBS trusts, in 2010 that it should force Countrywide to compensate the MBS holders because many of the loans underpinning the...
...Alternative credit markets, such as loans for leveraged buy-outs, real estate loans or collateralised debt obligations are likely to see increasing inflows, predicts Morgan Stanley, based on the experiences...
...in fulfilling its payment obligations under the Exchange Bonds” including but not limited to the current cast of financial characters who fill these roles, such as Bank of New York as trustee....
...“In other words, Bank of New York claimed credits for phantom UK tax expense.”...
...More legal wrangling until June 2011, when BofA agrees a settlement with trustee Bank of New York and a group of 22 large institutional investors for 530 pools of securitised morgages — including those issued...
...The group, which calls itself Walnut Place, has accused Bank of New York Mellon, BofA’s trustee on the securitisations, of having conflicts of interest that raise questions about the fairness of the deal...
...A New York Mets season ticket holder since 1987, she dreams of a Mets victory over the Yankees in the World Series. …………………………………………………………….....
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