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3 Billion Dollar Loan - News Articles
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Thursday, October 16, 2008
Bizjournals.com, NC -
Bank of New York Mellon reported third quarter earnings Thursday that showed a year-over-year drop in profit of more than 50 percent. BNY Mellon (NYSE: BK) reported income from continuing operations of $305 million, or 26 cents per share ... -
Thursday, October 16, 2008
Bloomberg -
By Christopher Condon Oct. 16 (Bloomberg) -- Bank of New York Mellon Corp., the world's largest custodian of financial assets, said third- quarter earnings ... -
Thursday, October 16, 2008
guardian.co.uk, UK -
By Jonathan Stempel NEW YORK, Oct 16 (Reuters) - Bank of New York Mellon Corp's third-quarter profit fell 53 percent due of securities losses and a big ... -
Thursday, October 16, 2008
Forbes, NY -
AP 10.16.08, 10:58 AM ET NEW YORK (AP) - Bank of New York Mellon (nyse: BK - news - people ) Corp. said Thursday that its third-quarter profit dropped 53 percent, hurt by securities losses and a hefty charge to prop up certain funds amid unprecedented market volatility. ... -
Thursday, October 16, 2008
The Age, Australia -
Bank of New York Mellon says that its third-quarter profit dropped 53 per cent, hurt by securities losses and a hefty charge to prop up certain funds amid unprecedented market volatility, but the results were better than analysts had expected. The New York-based commercial bank ... -
Thursday, October 16, 2008
Bizjournals.com, NC -
Bank of New York Mellon’s Boston-based asset and wealth management sector generated a pretax loss of $143 million in the third quarter after spending money to support clients who invested in money-market and cash funds hurt by the Lehman Brothers ... -
Thursday, October 16, 2008
Forbes, NY -
Bank of New York Mellon managed to eke out a profitable quarter despite the turmoil engulfing the world's financial markets, with the results surpassing Wall Street's limited expectations. Bank of New York Mellon ... -
Thursday, October 16, 2008
MarketWatch -
By MarketWatch Citigroup Inc., the troubled banking giant, reported its fourth straight quarterly loss on Thursday amid continuing write-downs for soured investments. See full story. ... -
Thursday, October 16, 2008
TheStreet.com -
Merrill Lynch (MER Quote - Cramer on MER - Stock Picks) Thursday reported a loss from continuing operations of $5.1 billion, or $5.56 a share, compared with a year-earlier loss from continuing operations of $2.4 billion, or $2.99 a share. ... -
Thursday, October 16, 2008
Barron's Blogs -
If the third quarter results posted by Citigroup (C) and Merrill Lynch (MER) proved one thing, it’s that the suggestions that dismal first and second quarter results reflected a determination by those banks to load all their bad news into those periods was hopelessly ...
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Thursday, October 16, 2008
RTE.ie, Ireland -
Troubled Wall Street bank Merrill Lynch has said its losses more than doubled in the third quarter, to $5.2 billion. This came after write-downs of nearly $10 billion. The beleaguered investment bank, which is being bought by Bank of America, saw losses widen ... -
Thursday, October 16, 2008
Reuters UK, UK -
NEW YORK (Reuters) - Merrill Lynch (MER.N: Quote, Profile, Research) reported a third-quarter net loss of $7.5 billion (4.4 billion pounds) on Thursday -- worse than analysts had expected -- on write-downs and credit losses on complex debt securities. ... -
Thursday, October 16, 2008
MarketWatch -
By Sam Mamudi, MarketWatch NEW YORK (MarketWatch) -- Merrill Lynch said Thursday it lost $5.15 billion, or $5.58 a share, in the third quarter, compared to a loss of $2.24 billion, or $2.82 a share, a year ago. ... -
Thursday, October 16, 2008
Telegraph.co.uk, United Kingdom -
By James Quinn, Wall Street Correspondent In total the pair – reporting third-quarter results for the three months to September – announced more than ... -
Thursday, October 16, 2008
International Herald Tribune, France -
By Eric Dash and Louise Story NEW YORK: Citigroup and Merrill Lynch, two of the largest US investment banks, reported third-quarter losses Thursday after write-downs and loan losses. Citigroup reported a $2.8 billion loss for the quarter, the fourth consecutive period ... -
Thursday, October 16, 2008
Bizjournals.com, NC -
The US Department of Justice has approved Bank of America Corp.’s acquisition of Merrill Lynch & Co. Inc. Charlotte-based BofA agreed Sept. 15 to buy Merrill Lynch for about $50 billion. A Justice spokeswoman say the deal cleared antitrust review by ... -
Thursday, October 16, 2008
AFP -
NEW YORK (AFP) — Troubled Wall Street bank Merrill Lynch said its losses more than doubled in the third quarter, to 5.2 billion dollars, on write-downs of nearly 10 billion dollars. The beleagured investment bank, being bought by Bank of America, saw losses widen to ... -
Thursday, October 16, 2008
Wall Street Journal Blogs, NY -
Merrill Lynch’s losses were ugly — but they could have been worse. The brokerage, set to be acquired by Bank of America Inc., would have lost more than $5.2 billion if it had not gotten a net benefit of $2.8 billion due to the declining prices of its ... -
Thursday, October 16, 2008
International Herald Tribune, France -
AP NEW YORK: Credit ratings agency Standard & Poor's on Thursday said Merrill Lynch & Co. remains on a developing watch after the bank said it lost $5.2 billion, or $5.58 per share, during the third quarter. Merrill Lynch currently carries an "A" rating, the ... -
Thursday, October 16, 2008
The Age, Australia -
Merrill Lynch, the investment bank being taken over by Bank of America Corp., reported a fifth straight quarterly loss as the credit crisis saddled the firm to bet on mortgages just as the US housing market was peaking. Merrill posted a $US9.8 billion deficit in ...
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