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  Jobless claims up 7,000

NYC funds pick State Street to replace BNY Mellon after FX flap

BOSTON (Reuters) - New York City pension funds have picked State Street Corp <STT.N> to safeguard $137 billion, replacing incumbent Bank of New York Mellon Corp <BK.N>, which was accused in 2011 of overcharging the funds on foreign currency trades. Full story

Bank of New York Mellon earnings climb 78 percent

The Bank of New York Mellon's net income rose 78 percent in the second quarter as market conditions improved and the company collected more fees for managing investments. Full story

Monday Morning Investment Playbook

  Richard Hoey, BNY Mellon, and Phil Orlando, Federated, provide perspective on the Fed's tapering program, and take a look at major headwinds facing the markets.

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Articles

JPMorgan, Bank of NY Mellon win dismissal of forex lawsuits

Bank of America $8.5 billion mortgage settlement case opens

Bank of America $8.5 billion settlement heads for court showdown

BNY Mellon to add up to 100 positions at wealth management unit

U.S. seizes on ruling to boost Wells Fargo mortgage fraud case

BNY Mellon revenue falls 1 percent; tax case triggers loss

BNY Mellon's revenue falls 1 percent; tax case causes loss

Chesapeake ex-CEO McClendon to be deposed in bond dispute

Investors ask to withdraw from Chesapeake bond dispute

Chesapeake moves to redeem bonds despite court loss

Video

  Fed 'Playing Games' With Equity Markets: Pro

Tom Higgins, BNY Mellon's Standish chief economist, and Paul Schatz, Heritage Capital, discusses whether the central bank could begin to downsize its $85 billion bond-buying program.

  Jobs Take Center Stage

Michelle Meyer, BofA Merrill Lynch, and Richard Hoey, BNY Mellon, discuss the outlook on jobs ahead of this morning's ADP report.

  Q1 GDP (2nd Est) Up 2.4% & Initial Claims Up 10,000 to 35...

Jim Iuorio, TJM Institutional Services has the unemployment and gross domestic product numbers. And, CNBC's Steve Liesman, and Tom Higgins, BNY Mellon's Standish chief economist weigh in on what it indicates about the economic recovery and its impact o...

  Global Markets Slump

Fed tapering fears sparked today's global market selloff. Richard Hoey, BNY Mellon; Michelle Girard, RBS; and Ed Keon, Quantitative Management Associates, discuss.

  Cyprus Now, Italy in Crosshairs Next: Economist

Robert Brusca, FAO Economics; and Richard Hoey, BNY Mellon, discuss which fundamental factors are keeping global economies from recovery, and why Cyprus is not "fine" even after the bailout, and Italy's problems are "worse."

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Related Photos

A BNY Mellon sign is seen on their headquarters in New York's financial district
A BNY Mellon sign is seen on their headquarters in New York's financial district

A BNY Mellon sign is seen on their headquarters in New York's financial district in this January 19, 2011 file photo. BNY Mellon Corp said on Wednesday that second-quarter profit surged, beating Wall Street estimates, but deposits into long-term investment funds fell by nearly half amid a meltdown i

Security staff members stand behind a logo at the office of the Bank of New York Mellon in Brussels
Security staff members stand behind a logo at the office of the Bank of New York Mellon in Brussels

Security staff members stand behind a logo at the office of the Bank of New York Mellon in Brussels, February 25, 2010. REUTERS/Sebastien Pirlet