Bank of New York Mellon Corp.

Fraud allegations cannot reopen voluntarily dismissed foreclosure cases

By Julie Beck | February 11, 2013

The Florida Supreme Court on Thursday found that voluntarily dismissed foreclosure cases can’t be reopened when there are allegations of fraud, an important ruling in a state that saw a lot of foreclosures during the housing crisis.
BofA to pay $315 million settlement for Merrill Lynch unit

By Alex Vorro | December 6, 2011

Unfortunately for Bank of America (BofA), the excuse of leaving its wallet in El Segundo was taken more than 20 years ago.
Investors request “shroud of secrecy” lifted in BofA’s $8.5 B settlement

By Alex Vorro | November 4, 2011

Another page was written in the epic drama surrounding Bank of America Corp. and its seemingly endless legal trouble this year. A lawyer representing American International Group Inc. told U.S. District Court Judge William Pauley in New York Wednesday that investors want the “shroud of secrecy” lifted over the proposed $8.5...
Federal court to review BofA’s proposed $8.5 billion settlement

By Ashley Post | October 20, 2011

Beleaguered Bank of America Corp. (BofA) just received confirmation that its legal troubles are far from over.
Informant surfaces in BNY Mellon allegations

By Cathleen Flahardy | October 12, 2011

A secret informant who worked with investigators to compile evidence against Bank of New York Mellon Corp. (BNY Mellon) has surfaced.
BNY Mellon sued by U.S. and New York prosecutors

By Ashley Post | October 5, 2011

Yesterday, the U.S. attorney in Manhattan and the New York attorney general filed separate lawsuits against Bank of New York Mellon Corp., alleging the bank cheated customers on foreign exchange transactions over the past decade.
BNY Mellon to fight overcharging, negligence claims

By Ashley Post | September 13, 2011

In his first public appearance as the new chairman and CEO of Bank of New York Mellon Corp., Gerald Hassell defended his bank’s reputation at the Barclays financial conference in New York yesterday.
Florida and Virginia sue Bank of New York Mellon Corp.

By Ashley Post | August 12, 2011

State prosecutors in Florida and Virginia filed lawsuits against Bank of New York Mellon Corp., accusing the bank of improperly charging their state and local pension funds for currency transactions.
BofA still bleeding from Countrywide conundrum

By Alex Vorro | August 1, 2011

Things continue to worsen for Bank of America (BofA). After hoping to quell the disquiet from former Countrywide Financial Corp. investors that lost money during the housing collapse with an $8.5-billion settlement last month, BofA is facing a new suit from 15 plaintiffs that believe the agreement is unfair.
Union Bank’s overdraft fee fiasco

By Alex Vorro | July 15, 2011

You know a company may have a bit of a customer service problem when its patrons start leveling lawsuits at them. Such is the plight of San Francisco-based UnionBanCal Corp., whose customers raised their figurative torches and pitchforks in revolt against the group of 30 banks because of their allegedly...