IIJ Announces First Six Months Financial Results for the Fiscal Year Ending March 31, 2010 Nov 13, 2009
Effective July 1, 2009, IIJ adopted the FASB Accounting Standards Codification ("ASC") 105, "Generally Accepted Accounting Principles (the provisions of which were previously included in SFAS No. 168 "Accounting Standards Codification and the hierarchy of generally accepted accounting principles"). This pronouncement prescribes the change which divides non-governmental U.S. GAAP into the authoritative Codification and the non-authoritative guidance, doing away with the previous four-level... (Primezone Releases)
Diamyd's European Phase III Study Fully Recruited Nov 12, 2009
Diamyd Medical has offices in Sweden and in the U.S. Shares are listed on Nasdaq OMX in Stockholm (Stockholm: - ) and on OTCQX in the U.S. (Pink Sheets: - ) administered by the Pink OTC Markets and the Bank of New York Mellon (PAL). Further information is available on the company's website. (Primezone Releases)
Altra Holdings, Inc. Announces Tender Offer by Subsidiary of its 9% Senior Secured Notes Due 2011 Nov 11, 2009
Altra Industrial has engaged Jefferies & Company, Inc. and Banc of America Securities LLC to act as dealer managers for the Offer, D. F. King & Co., Inc. to act as information agent for the Offer and The Bank of New York Mellon Trust Company, N.A. to serve as depositary for the Offer. Requests for documents may be directed to D. F. King & Co., Inc. at (800) 290-6427 (toll free), or in writing to 48 Wall Street, 22nd Floor, New York, New York 10005, Attention: Kristian Klein. (Primezone Releases)
Bonds downgraded for NH's Verizon Wireless Arena Nov 11, 2009
A default could put the arena the mercy of the bondholders' trustee, Bank of New York Mellon, which could opt to sell it or put it under new management. . (Concord Monitor)
Diamyd Technology Advances With US $ 1.84 Million Grant Nov 10, 2009
Diamyd Medical has offices in Sweden and in the U.S. Shares are listed on NasdaqOMX in Stockholm (ticker: DIAM B) and on OTCQX in the U.S. (ticker: DMYDY)administered by the Pink OTC Markets and the Bank of New York Mellon (PAL). Further information is available on the company's website. (Primezone Releases)
ADRs climb on G20's stimulus pledge Nov 10, 2009
The Bank of New York Mellon index of leading American Depositary Receipts gained 2 ... The Bank of New York Mellon index of leading Asian ADRs advanced 1 ... The Bank of New York Mellon index of leading European ADRs gained 2. (India Times)
Citigroup Asset Guarantees May Cost U.S. Taxpayers as Unemployment Rises Nov 9, 2009
The Federal Reserve Bank of New York projected a year ago that the Treasury Department might have to pay $3. 96 billion on the guarantees if unemployment hit 9. (Bloomberg -- US)
Deeds recorded in Volusia County Oct. 19-23 Nov 8, 2009
Bank of New York Mellon, CWABS Inc. and BAC Home Loans Servicing LP to Christopher Brannon, lots 22-30,107-115, block A, George B. Clarks, $120,000. Durkirk Management Inc. to Mary Ann Laisy, lot 5, block 5, Lake Fountain Highlands, section B, $111,000. (Daytona Beach News Journal -- Business)
Top Article: Trade In The Time Of Recession Nov 7, 2009
My distinguished colleague at Columbia, Professor David Weinstein, and co-author Mary Amiti of the Federal Reserve Bank of New York, have examined Japanese export experience carefully and found that the decline in bank capital can explain as much as one-third of the remarkable decline in Japanese exports in 2008. The good news therefore is that, as the financial sector revives, trade flows will no longer be choked off by unavailability of finance for working capital. (India Times, India)
Chinese Demand Drives Growth For Water Equipment Makers Nov 6, 2009
Bank of New York Mellon (BK) CEO Bob Kelly said he's not interested in the top job at Bank of America (BAC), defusing speculation that he would leave his current post. BofA seeks a successor to Ken Lewis. (Investors Business Daily)
Bad loans spike 82% at Mellon United Nov 4, 2009
Banco Sabadell will take about $900 million in Mellon United s performing loans and leave the nonperforming loans to Bank of New York Mellon. Mellon United lost $18. (South Florida Business Journal, FL)
BNY Mellon, US Bancorp Opt out of FDIC Extension Nov 3, 2009
Bank of New York Mellon and U.S. Bancorp both said they will opt out of a six-month extension of the Transaction Account Guarantee Program ... Bank of New York Mellon, which separately said it is not required to raise any more capital after the government's "stress test," in June repaid the $3 billion it received last year as part of the government's $700 billion bank investment program. (ABC News -- Wire)
Stock futures signal rebound on Wall Street Nov 2, 2009
Bank of New York Mellon Corp (BK.N) Chief Executive Robert Kelly was recently approached about taking the CEO job at Bank of America Corp (BAC.N), but he has shown no interest in the job, The Wall Street Journal reported. Japan's Nikkei stock average dropped 2. (Yahoo News -- Press Releases)
Controversy Unlimited: A Pitiful Ghanaian Mentality Nov 2, 2009
This is why a Spio Garbrah would distinguish himself at either the World Bank, African Development Bank or the Commonwealth Telecommunications Organization; it explains why a Boakye Agyarko would rise to the Vice Presidency of the Bank of New York; it underpins why Mohammed Ibn Chambas would become President of ECOWAS and facilitate the elevation of a Kofi Annan to the post of Secretary-General of the United Nations. Had these people being aiming for the aforementioned positions within the... (Ghana Web, Ghana)
Worries as stimulus winds down Nov 2, 2009
"There's still some systemic risk to the environment," said Anthony Conroy, head trader for BNY ConvergEx, an affiliate of the Bank of New York, in New York. "You need growth, you need a healthy financial system to have a healthy economy. There are questions out there about how things go from here. Right now the government is fuelling the system with cash. That can't last forever.". (Sydney Morning Herald -- Business)
BofA Reaches out to BNY Mellon Chief for CEO Job Nov 2, 2009
NEW YORK (Reuters) - Bank of New York Mellon Corp Chief Executive Robert Kelly was recently approached about taking the CEO job at Bank of America Corp , but he has shown no interest in the job, The Wall Street Journal reported. Citing people familiar with the matter, the Journal reported on Sunday that Kelly has been approached more than once about being a potential successor to Kenneth Lewis, who will retire at the end of this year. (ABC News -- Wire)
Wall Street investors nervous over end to stimulus Nov 2, 2009
If the government pulls out too early and they are not spending, (and) the consumer is not spending, youve got a big issue, said Anthony Conroy, head trader for BNY ConvergEx, an affiliate of the Bank of New York. US stocks slumped on Friday in a stark reminder that investors remain highly sensitive to signs of economic weakness. (The Star Online, Malaysia -- Business)
CIT Files for Bankruptcy; U.S. Is Unlikely to Recoup $2.3 Billion Bailout Nov 2, 2009
5 billion claim, and Bank of New York Mellon Corp., as a trustee for retail bonds with a claim of $3. 2 billion. (Bloomberg -- US)
Goodbye to All That Stimulus? Nov 1, 2009
"If the government pulls out too early and they are not spending, (and) the consumer is not spending, you've got a big issue," said Anthony Conroy, head trader for BNY ConvergEx, an affiliate of the Bank of New York. U.S. stocks slumped on Friday in a stark reminder that investors remain highly sensitive to signs of economic weakness. (ABC News -- Business)
Public records for Oct. 30, 2009 Oct 31, 2009
SUITS: BAC Home Loans Servicing LP v. William A. Brown, real property; Chase Bank U.S.A. NA v. Kent D. Martin, in excess of $15,000; FIA Card Services NA v. Victoria A. Pluff, in excess of $15,000; Aurora Loan Services LLC v. Dale M. Martin, real property; U.S. Bank NA ND v. Lester Lague, in excess of $15,000; Bank of New York Mellon v. Karen Moss, real property; Bank of New York Mellon v. Boris L. Diaz, real property; Bank of New York Mellon v. Andres Cardenas, real property; BAC Home Loans... (Daytona Beach News Journal -- Local)
Central banking cryptology Oct 31, 2009
Neal Soss, chief economist at Credit Suisse and one-time Federal Reserve Bank of New York employee and assistant to Fed chairman Paul Volcker, says there were plenty of central bank operation watchers 25 years ago. Increased interest rate and inflation targeting from central bankers meant those skills are now lost. (FT.com -- Markets)
Why the Goldman Sachs-AIG Story Won't Go Away Oct 29, 2009
It was made by the Federal Reserve Bank of New York, back when its president was the current U.S. Treasury secretary, , and its chairman was Goldman Sachs director. (Friedman resigned from the New York Fed in May, after the Wall Street Journal reported he had bought more than 50,000 shares of Goldman stock following AIGs takeover. (Bloomberg -- Columnists)
Nightmare On Wall Street To Continue Oct 29, 2009
The AIG compensation structures, he explained, were "a mess so sprawling that even as we concluded our audit late this summer, executives--at the Federal Reserve Bank of New York, at AIG--and the Fed's consultants still did not have their arms wrapped around the entire AIG executive compensation structure." In all, auditors have found "more than 600 different programs--some entitled bonuses, some deferred compensation, some, retention plans." According to Barofsky, AIG never knew where all the... (CBS News -- Opinion)
NY Computer Repairman Accused of Identity Theft In $1.1M Scheme Oct 29, 2009
A computer technician allegedly stole the identities of more than 150 Bank of New York Mellon employees and used them to steal more than $1 ... A New York computer technician allegedly stole the identities of more than 150 Bank of New York ... A New York computer technician allegedly stole the identities of more than 150 Bank of New York Mellon employees and used them to steal more than $1. (ABC News)
Northfield Bancorp, Inc. Announces September 30, 2009 Results Oct 29, 2009
NORTHFIELD BANCORP, INC. SELECTED CONSOLIDATED FINANCIAL AND OTHER DATA (Dollars in thousands, except per share amounts) (unaudited) At At Sept. 30, 2009 Dec. 31, 2008 ---------------- ---------------- Selected Financial Condition Data: Total assets $1,988,167 $1,757,761 Cash and cash equivalents 86,179 50,128 Certificates of deposit (fully insured by the FDIC) -- 53,653 Trading securities 3,345 2,498 Securities available for sale, at estimated fair value 1,142,499 957,585 Securities held to... (Primezone Releases)
Guest column: Illusions of legitimacy Oct 29, 2009
He has 30 years of experience in banking, finance and economic development throughout the world and has worked for the World Bank, the International Monetary Fund and the Federal Reserve Bank of New York. To Subscribe to the Brainerd Dispatch. (Brainerd Daily Dispatch)
Dollar maintains rise against the euro Oct 28, 2009
"With the greenback already benefiting from yesterday's technical correction, a negative US consumer confidence report prompted players to cover short US dollar positions as risk appetite dropped further in front of important US data later this week," said analyst Michael Woolfolk of Bank of New York Mellon. Official gross domestic product figures for the US economy will be released on Thursday with most analysts saying GDP will see a 3. (Business Report, South Africa)
Dow loses 104 points Monday, WESCO down 3% Oct 27, 2009
Bank of New York Mellon Corp. (NYSE:BK), down 3. 94 percent to $28. (Pittsburgh Business Times, PA)
Madoff Associate Found Drowned in Pool Oct 26, 2009
Madoff has been linked to corrupt pro-Israel financier Sy Syms who ran billions of dirty money through the Israeli Discount Bank of New York. Do not dismiss the following as out-of-hand. (CBS News)
Guilford College in quiet phase of big drive Oct 25, 2009
Staff members, for example, have received planned-giving training at Bank of New York Mellon, which manages the planned-giving portion of the school s investment portfolio. Everybody that s a planned-giving officer or alumni officer should be able to talk about what it takes to put a planned gift in order, Poston says. (Triad Business Journal, NC)
• Helen V. Smith Oct 25, 2009
Miss Smith retired as an assistant cashier at the Bank of New York. Survivors include her sister, Evelyn Bryant; her niece, Carol A. Henderson; and her nephews, Frank C. and Richard S. Laurine. (Fredericksburg.com, VA)
Foreclosures Oct 25, 2009
Bank of New York v. Vance A. Scott, et al, 54 Madera Road, DeBary, single-family residence ... Bank of New York v. Fiserve Iss & Co., et al, 3629 Watermelon Lane, New Smyrna Beach, single-family residence ... Bank of New York Mellon Trust Co. v. Roy C. Griffith, et al, 681 Placid Run Road, Orange City, single-family residence. (Daytona Beach News Journal -- Business)
Dollar ends week higher as caution takes over Oct 24, 2009
"This has enormous psychological significance," said Michael Wool folk, a managing director at Bank of New York Mellon Corp. in New York. "It opens the way for further gains above 1.50 dollars, which is overwhelmingly market consensus.". (Xinhuanet, China)
BNY Mellon settles suit in Russia Oct 24, 2009
5 billion in damages, The case was based on the actions of a former employee of then-Bank of New York Co. who, from 1996-1999, participated in illegal banking operations that were concealed from the bank ... BNY Mellon was created through the July 2007 merger of Bank of New York and Mellon Financial Corp., Pittsburgh. (Pittsburgh Business Times, PA)
$100,000 Reward for Three Added to FBI Top 10 List Oct 24, 2009
According to officials briefed on his case, Mogilevich was also involved in a major money laundering scandal involving the Bank of New York that totaled around $10 billion coming out of Russia. The mobster had allegedly moved funds from Russia's Inkombank, which he acquired in 1994 and eventually moved the funds out of the country to various off shore accounts. (ABC News)
U.S. Risks a Japan-Like Lost Decade on End of Stimulus, Nomura's Koo Says Oct 23, 2009
Koo, who previously worked at the Federal Reserve Bank of New York, said the solution for what he calls a balance-sheet recession is sustained government spending to fill the hole left as households and businesses retrench. The Feds efforts, lowering the benchmark interest rate to near zero and pumping more than $1 trillion into the banking system, arent sufficient, he said. (Bloomberg -- Japan)
Diamyd Reports Successes in Q4 Oct 23, 2009
Diamyd Medical has offices in Sweden and in the U.S. Shares are listed on NASDAQ OMX in Stockholm (ticker: DIAM B) and on OTCQX in the U.S. (ticker: DMYDY) administered by the Pink OTC Markets and the Bank of New York Mellon (PAL). Further information is available on the company's website. (Primezone Releases)
Lawsuit: Sex, drugs, money and Madoff Oct 23, 2009
They also allege that major financial institutions, including , the Bank of New York and JP Morgan Chase, were aware that Madoff was transferring stolen funds to his London office for personal purchases ... Officials of KPMG and the Bank of New York did not immediately respond to calls from CNN Wednesday evening for comment on the lawsuit. (CNN -- Law)
Briefing: America's debt Oct 23, 2009
China s economy may one day rival America s. But Dino Kos, a former chief of markets at the Federal Reserve Bank of New York who now works for Portales Partners, a research firm, notes that the yuan does not meet one of the most basic requirements of a reserve currency: other countries cannot use it to intervene in foreign-exchange markets because it is not freely convertible. Moreover, central banks loathe uncertainty; the arrest of four Rio Tinto employees this year on charges of stealing... (The Economist)
Dollar Gains Slightly, Circles Euro at $1.50 Oct 23, 2009
"Expect positive U.S. data this week to feed into continued USD selling," wrote Michael Woolfolk, senior currency strategist at Bank of New York Mellon, in a research note. On Thursday, a report from the Conference Board pointed at growth in the future. (ABC News -- Wire)
Dollar mostly lower, euro holds gains Oct 23, 2009
"Expect positive US data this week to feed into continued dollar selling," said Michael Woolfolk at Bank of New York Mellon. In late New York trade, the dollar stood at 1. (Business Report, South Africa)
Custody is like flying a jumbo jet: not much ever goes wrong, but when it does ... Oct 22, 2009
So its operators - the largest of which are State Street, JP Morgan and Bank of New York with a combined $30 trillion under their purview - use it as a loss leader, making their cream via stock lending and foreign exchange transactions. Most of the blow-ups in the financial services world have been operational rather than the result of credit risk. (Sydney Morning Herald -- Business)
Can the World Agree on a Stimulus Exit Plan? Oct 22, 2009
"It seems likely that the recovery will be less robust than desired," William Dudley, president of the Federal Reserve Bank of New York, said in an early October speech. "This means that the economy has significant excess slack and implies that we face meaningful downside risks to inflation over the next year or two." The Fed's key interest rate target, he added, "is likely to remain exceptionally low for 'an extended period.'". (Time.com)
Credit Suisse makes $2.4 billion profit in 3Q Oct 22, 2009
Bank of New York Mellon Corp. will report earnings for the third quarter on Tuesday ... OVERVIEW: Trust banks like Bank of New York Mellon have little direct exposure to risky consumer loans and mortgages that have plagued traditional banks over the last several quarters ... Bank of New York Mellon Corp. said Tuesday that it took a hefty charge during the third quarter to restructure its investment portfolio, resulting in a loss of almost $2. (Fresno Bee -- Business)
U.S. Treasury Department Fairly Valuing Warrants From TARP, Expert Says Oct 22, 2009
Jarrow was hired by Bank of New York Mellon Corp., the Treasurys financial agent, for a pricing project that started in late June and early July. Jarrow received about $26,000 for his services and is not contracted for further work, the Treasury said. (Bloomberg -- US)
Flushing Financial Corporation Reports 2009 Third Quarter Earnings Increase of 65% to $0.33 Per Diluted Common Share; Core Earnings Increase of 3.7% to $0.28 Per Diluted Common Share Oct 21, 2009
FLUSHING FINANCIAL CORPORATION and SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Dollars in Thousands Except Per Share Data) (Unaudited) Sept. 30, Dec. 31, 2009 2008 ----------- ----------- ASSETS ------ Cash and due from banks $ 124,635 $ 30,404 Securities available for sale: Mortgage-backed securities 647,747 674,764 Other securities 39,253 72,497 Loans: Multi-family residential 1,125,022 999,185 Commercial real estate 792,675 752,120 One-to-four family -- mixed-use property... (Primezone Releases)
Madoff Investors Sue KPMG and Major Banks Oct 21, 2009
NEW YORK/LOS ANGELES (Reuters) - Some investors defrauded by epic swindler Bernard Madoff on Tuesday added accounting firm KPMG , JPMorgan Chase and Bank of New York Mellon to a civil lawsuit in a New York court, lawyer Joseph Cotchett said ... It "alleges JP Morgan and the Bank of New York as well as powerhouse accounting firm KPMG LLP and their international counterparts, KPMG UK and KPMG International, were primary players necessary to accomplish the fraud." ... The lawsuit accuses JP Morgan... (ABC News -- Wire)
BNY Mellon posts $2.5 billion loss Oct 21, 2009
Bank of New York Mellon yesterday posted a surprising loss of $2 ... BNY Mellon, formed in July 2007 when Bank of New York acquired Pittsburgh-based Mellon Financial Corp., said revenue, excluding securities losses, fell 14 percent from a year ago to $3. (Pittsburgh Post-Gazette, PA)
JPMorgan, Drug, `Sexual Deviance' Claims Added to Madoff Investor Lawsuit Oct 21, 2009
Bank of New York acted as administrator of so-called feeder funds to Madoff and failed to carry out its duties to independently determine the value of his funds, the law firm said yesterday in a statement ... a spokesman for JPMorgan, and Carolyn Cichon, a Bank of New York spokeswoman, didnt immediately return voice-mail and e-mail messages seeking comment after regular business hours yesterday. (Bloomberg -- US)
Invesco to acquire Morgan Stanley unit for $1.5B Oct 20, 2009
Bank of New York Mellon Corp. will report earnings for the third quarter on Tuesday ... OVERVIEW: Trust banks like Bank of New York Mellon have little direct exposure to risky consumer loans and mortgages that have plagued traditional banks over the last several quarters. (Fresno Bee -- Business)
Earnings goose marts to 1-yr. highs Oct 20, 2009
Banks advanced as the Federal Reserve Bank of New York said it is assessing the use of reverse repurchase agreements to drain record amounts of cash added to the financial system ... Banks advanced as the Federal Reserve Bank of New York said it is assessing the use of reverse repurchase agreements to drain record amounts of cash added to the financial system. (New York Post -- Business)
Federal Reserve tests tool for sponging money out of economy Oct 20, 2009
The Federal Reserve Bank of New York, in a statement yesterday, said investors and others shouldn t read into the tests anything about the timing of when the central bank will need to reverse course and start boosting interest rates and removing other supports to fend off inflation. This work is a matter of prudent advance planning by the Federal Reserve, and no inference should be drawn about the timing of monetary policy tightening, the New York Fed said. (Boston Globe)
AIG lends its aircraft leasing unit another US$2bil Oct 20, 2009
The loan was made with funds from the Federal Reserve Bank of New York, AIG said in a regulatory filing. The financial services giant is 80 percent owned by the U.S. government following a massive bailout last year. (The Star Online, Malaysia -- Business)
Deeds recorded Sept. 28-Oct. 2, 2009 in Volusia Oct 18, 2009
Bank of New York Mellon, CWALT Inc. Alternative Loan Trust 2006 Oc3 and BAC Home Loans Servicing LP to John B. and Margaret A. Tilghman, lot 351, Orlandia, section 33 18 30, $186,000 ... Bank of New York Mellon, Bank of New York, CWMBS Inc. CHL Mortgage Pass Through Trust 2005 HYB and BAC Home Loans Servicing LP to James T. and Michelle Condo, Unit 302, Building A, Ocean House Condo, $140,000. (Daytona Beach News Journal -- Business)
Thousands at Cow Palace seeking mortgage help Oct 18, 2009
Marks, who calls himself a 1960s-'70s-style activist, said he got an MBA from New York University and worked for the Federal Reserve Bank of New York "to learn the enemy.". The Save the Dream events, which cost up to $1 million each, are funded by federal grants. (San Francisco Chronicle)
Treasuries Decline for Second Straight Week Amid Signs of Economic Growth Oct 17, 2009
The Fed Bank of New York said the day before that its general economic index soared to the highest since mid-2004 while a gauge of Philadelphia-area manufacturing declined. Minutes of the central banks September meeting released Oct. 14 showed some policy makers raised their second-half economic projections based on improved housing markets, consumer spending and growth outside the U.S.. (Bloomberg -- US)
Lloyds Banking Accepts $1.60 From LSL for 218 Halifax Real Estate Branches Oct 16, 2009
The bank agreed to sell Insight Investment Management, a money manager acquired with HBOS, to Bank of New York Mellon Corp. for 235 million pounds in August. Lloyds may also sell part of fund management unit in an initial public offering and sell Clerical Medical, people familiar with the plans said in August. (Bloomberg -- UK)
Some good news for the state's manufacturers Oct 16, 2009
The Federal Reserve Bank of New York reports that conditions for the state's manufacturers "improved significantly" this month. The Fed's general business conditions index hit its highest level in five years, and its two employment indexes were positive for the first time in more than a year. (Albany Times Union)
Still the biggest bank Oct 16, 2009
Bank of New York moved up to fourth place from fifth last year, edging out , which was acquired by Wells Fargo last year. JPMorgan Chase had $6 billion in deposits in Colorado, up from nearly $4. (Denver Business Journal, CO)
3rd Circuit Rejects Animal Rights Activists' Online Speech Claims Oct 16, 2009
The illegal activity, Fuentes said, included a break-in at the Huntingdon lab in New Jersey, during which protestors broke windows and "liberated 14 beagles," in addition to overturning a worker's car; detonating a "stink bomb" in the Seattle office of a Huntingdon investor; destroying Bank of New York ATMs, windows and other property; sinking a yacht owned by the Bank of New York's president; launching repeated "paint attacks" in the New York offices of a Huntingdon investor; and "rescuing"... (Law.com)
Bailout watchdog hits Treasury on AIG Oct 15, 2009
Geithner was president of the Federal Reserve Bank of New York before taking over at Treasury in January. He has said he did not learn until March about the $1. (Boston Globe)
Morgan raising stake in United Western Oct 15, 2009
The Federal Reserve Bank of New York Wednesday approved a bid by to acquire up to 9. 9 percent of the outstanding stock of Inc. of Denver and its subsidiary. (Denver Business Journal, CO)
Dollar Falls to 14-Month Low Versus Euro on Better Earnings, Stock Rally Oct 15, 2009
2009 has been a seminal moment in the market where the dollars hegemony as a reserve currency has come into question, , a currency strategist at Bank of New York Mellon Corp. in London, the worlds biggest custodian of financial assets. A perfect storm of issues may send the dollar to $1. (Bloomberg -- Japan)
WATCHDOG: AIG Bonus Blame Is on Geithner Oct 15, 2009
Treasury essentially of AIG's compensation structures to the Federal Reserve Bank of New York, which was "a recipe for disastrous consequences," said Barofsky, the ... Ultimately, Geithner did not learn about the bonuses until March 10, three days before they were paid out, despite running the Treasury Department since January and, before that, the Federal Reserve Bank of New York, where officials knew about the payments last November. (ABC News)
Feds $300bn bond buy-back nears end Oct 15, 2009
US bond dealers were awaiting details on Wednesday from the Federal Reserve Bank of New York regarding the completion of its $300bn. Since the start of the Treasury buying in March, the central bank has purchased $297bn in 58 separate buy-back operations. (FT.com -- Markets)
