Total : 35 View more »
NEW YORK, Nov 16, 2009 (BUSINESS WIRE) --
CW Risk Management Solutions (CWRMS), a division of CWCapital Investments and its parent company CW Financial Services, has been selected by the Federal Reserve Bank of New York to provide underwriting analysis services for newly issued CMBS as part of the Term Asset-Backed Securities Loan Facility (TALF).
TALF is designed to increase credit availability and support economic activity in part by facilitating renewed issuance of consumer and business asset-backed securities (ABS) and CMBS. CWRMS will assist the Federal Reserve Bank of New York by reviewing commercial mortgages proposed as collateral for newly issued CMBS that would be eligible for a TALF loan. A dedicated team of CWRMS underwriters will provide analysis of property cash flows and values, as well as consider underwriting assumptions and related matters. CWRMS will not establish policies or make decisions for the Federal Reserve Bank of New York, including decisions whether to reject a loan as collateral or the structure of CMBS transactions.
"CWRMS is honored to have been selected by the Federal Reserve Bank of New York to provide underwriting analysis services for TALF," said Tad Philipp, Managing Director of CWRMS and Chief Risk Officer for CW Financial Services.
Charles Spetka, CEO of CW Financial Services, added "This contract recognizes the ability of CWRMS to provide in depth underwriting and analysis of the collateral supporting commercial mortgages."
For additional details on the TALF program please visit: http://www.newyorkfed.org/markets/talf.html
About CW Risk Management Solutions
Based in New York City, CWRMS offers sophisticated valuation, underwriting and risk management services for a broad range of commercial real estate asset classes and loan products. CWRMS draws on the insights and depth of the full CW Financial Services platform including CWCapital (lending), CWCapital Investments (investing) and CWCapital Asset Management (special servicing).
About CW Financial Services
A comprehensive real estate finance and investment management company, CW Financial Services (CWFS) is comprised of a vertically integrated family of companies - including CWCapital LLC, CWCapital Investments LLC and CWCapital Asset Management LLC. The firm employs approximately 320 professionals in 12 offices nationwide. For more information, visit www.cwcapital.com.
Otera Capital, a Montreal-based mortgage lender, holds a majority interest in CWFS. Otera Capital offers a wide array of commercial real estate debt services from origination and underwriting to asset management, along with a sophisticated range of products extending from conventional mortgages to structured products. Otera Capital is active in Canada, the United States and Europe and is a subsidiary of the Caisse de depot et placement du Quebec, one of the leading institutional fund managers in Canada and the United States. For more information, visit www.oteracapital.com
SOURCE: CW Financial Services
CW Financial Services Elizabeth Orcutt, 781-707-9334 Marketing Director eorcutt@cwcapital.com
Tags: advisor bank business canada ceo commercial consumer contract debt europe federal reserve finance financial services investment montreal mortgage new_york products property quebec real estate securities
Companies: Bank of New York Co., Inc. (The) (BK)
Nov 04, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
The Bank of New York Mellon Corporation, a financial services company, has acquired Pinnacle Arbitrage Compliance LLC, a provider of arbitrage compliance services for tax-exempt bond issues and conduit borrowers. Both the companies are based in the US.
Announcement (September 2, 2009):
Bank of New York Mellon has signed a definitive agreement to acquire Pinnacle Arbitrage.
The transaction is expected to close by the end of 2009.
Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2009-11-02
Deal Participants
Target (Company) Pinnacle Arbitrage Compliance LLC Acquirer (Company) The Bank of New York Mellon Corporation
Deal Rationale
This acquisition would enhance the services and transparency tools offered by The Bank of New York Mellon to the public finance market in the US.
Tags: acquisition bank bond finance financial services market new_york tax
Companies: Bank of New York Co., Inc. (The) (BK)
Nov 02, 2009 (SmarTrend(R) News Watch via COMTEX) --
11/2/2009 - Bank of New York Mellon (NYSE:BK) CEO Robert Kelly was recently approached about taking the chief executive job at Bank of America (NYSE:BAC), but declined the offer, according to a Wall Street Journal report that cites people familiar with the situation and Mr. Kelly's thinking. Kelly has been approached more than once about taking Ken Lewis' job, but has shown no interest. The choice of Kelly as a candidate shows that BofA's directors are becoming more interested in an outsider for the position. Insiders have not been ruled out, however, as the sources said that contenders for the job include Bank of America's chief risk officer, Gregory Curl, and consumer and small-business banking chief Brian Moynihan. The search committee is not expected to come out with a choice until at least the end of the week at the earliest.
Write to Chip Brian at cbrian@tradethetrend.com
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Tags: bank banking ceo consumer executive market new_york nyse securities
Companies: Bank of America Corp. (BAC), Bank of New York Co., Inc. (The) (BK)
NEW YORK, Nov 10, 2009 (BUSINESS WIRE) --
Fitch Ratings has assigned ratings to The Bank of New York Mellon (Ireland) Limited, (BNYMIL), an Ireland-based bank subsidiary of Bank of New York Mellon Corporation (BK) as follows:
Bank of New York Mellon (Ireland) Limited
-- Long-term Issuer Default Rating (IDR) 'AA-'; -- Short-term IDR `F1+'; -- Long-term deposits `AA-'; -- Short-term deposits `F1+'; -- Support Rating `1'.
The Rating Outlook is Stable.
BNYMIL, a newly-licensed bank, conducts corporate trust activities in Ireland for BK. Fitch considers the balance sheet low risk, with client deposits raised through corporate trust activities and held in short-term obligations of other BK entities and in high quality liquid investments issued by nonaffiliated organizations.
Fitch has assigned IDRs equivalent to those of the ultimate parent BK, and deposit ratings are also based on the parent's IDRs. The activities conducted by BNYMIL are tightly integrated into BK's core global corporate trustee businesses. Risk management and oversight functions are also tightly integrated with BK's global framework. Due to the extremely high probability of support from parent BK, a support rating of `1' is assigned.
Additional information is available at 'www.fitchratings.com'.
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.
SOURCE: Fitch Ratings
Fitch Ratings Brian Bertsch, +1-212-908-0549 (New York) brian.bertsch@fitchratings.com David Spring, +1-312-368-3194 (Chicago) Joe Scott, +1-212-908-0624 (New York)
Tags: bank corporate ireland new_york rates
Companies: Bank of New York Co., Inc. (The) (BK)
Total : 33 View more »
" In the UK, The Bank of New York employs 3,000 staff and currently has offices in London, Swindon, Liverpool and Edinburgh, and remains committed to these locations.
http://www.investinmanchester.com/businessprocessing_news-n725
ISSUE 2 Apr- Jun 2005 EGi’s London Office Database is an online independent research service for those active in the central London office market and provided on www.egi.co.uk.
http://www.egi.co.uk/egipost/lod/LOD%20Bulletin%20Q2%202005.pdf
A. 05/31/1991 Assets Sold To Manufacturers and Traders Trust Company 05/31/1991 Assets Sold To Manufacturers Hanover Trust Company 05/31/1991 Assets Sold To East New York Savings Bank, The KBC Bank N.V.
Our transfer agent is The Bank of New York. They handle the transfer of shares from a seller to a buyer. Also The Bank of New York is the administrator for our dividend payments. Questions about stock transfers and dividend payments should be directed to The Bank of New York.
Total : 239,000,000 View more »
BNY Mellon is a leading asset management and securities services company, uniquely focused to help clients manage and move their financial assets and succeed in the rapidly ...
Decision relative to the petition of Mellon Financial Corporation, Pittsburgh, Pennsylvania and The Bank of New York Company, Inc., New York, New York to merge and acquire ...
Media Contacts: Ken Brause - (212) 635-1578 Steve Lackey - (412) 234-5601
Bank of New York Company, Inc. (BK) stock quotes, charts, news, ratings, investing and financial reports for Bank of New York Company, Inc. .