The 2007 merger that created Bank of New York Mellon Corp., the world’s largest custody bank, failed to deliver higher profits as the company lags behind its biggest rivals, according to Mike Mayo, an analyst at CLSA Ltd.
As Europe struggles to contain its debt crisis, the name of an American dead for more than two centuries is being invoked by those who think euro area nations will have to trade some autonomy for fiscal stability.
One of the strangest pamphlets ever authored by an American public official appeared in 1797. Written by Alexander Hamilton -- a founding father and the first U.S. Secretary of the Treasury -- its title constituted a mini-essay in its own right.
Bank of New York Mellon Corp. plans to sell Manhattan’s 1 Wall St., the Art Deco skyscraper that serves as its corporate headquarters, and has hired brokers to find a smaller amount of space to lease elsewhere.
What will it take to fix a European Union troubled by heavy debts and internal friction? The story of the U.S., which celebrates its 235th year of independence on July 4, offers a parable that Europe’s leaders might find instructive.
Bloomberg's Sara Eisen reports on a story in the latest issue of Bloomberg Businessweek on the enduring appeal of Alexander Hamilton. 208 years after his death, Hamilton has a diverse modern-day fan club from the Tea Party faithful to Paul Volcker and multiple Facebook pages dedicated to "The Foxiest Federalist." She speaks on Bloomberg Television's "Inside Track." (Source: Bloomberg)
“Crucify him!” shouted people crowding the courthouse as the prisoner arrived. Levi Weeks was on trial for the murder of Elma Sands, a young Quaker girl who lived in the same boardinghouse. She’d been strangled, her body dumped into a Manhattan well just before Christmas, 1799.