Ron Gruendl

JPMorgan Holders Led by Chairmen-CEOs to Vote on Dimon

As JPMorgan Chase & Co.’s Jamie Dimon prepares for a vote tomorrow on whether he should keep his chairman and chief executive officer titles, he may take comfort knowing most of his biggest shareholders are led by men with the same dual role.

Gupta, UBS, Wells Fargo, BNY Mellon, SocGen in Court News

The U.S. Securities and Exchange Commission agreed to drop an administrative action against former Goldman Sachs Group Inc. director Rajat Gupta, and he pledged to dismiss a lawsuit claiming the regulatory proceeding violated his constitutional rights.

BNY Mellon Fined $6 Million for Mistake in Fed Lending Program

Bank of New York Mellon Corp., the world’s largest custody bank, was fined $6 million by the Federal Reserve Board for misstating the collateral it pledged to a government lending program in 2008.

BNY Mellon, State Street Say Financial Overhaul Changes Safeguard Managers

Bank of New York Mellon Corp . and State Street Corp ., the two largest independent custody banks, said they are satisfied with last-minute changes by U.S. lawmakers to a financial-regulatory overhaul that protect their investment-management businesses.

GE Muni-Bond Settlement, Austria’s Alizee Bank: Compliance

General Electric Co. agreed to pay $70.4 million to settle a criminal probe and civil claims for conspiring to rig bids on U.S. municipal-bond deals, overcharging state and local governments on investments.

Bank of New York Is Sued to Recover Losses on $1 Billion in Basell Notes

Bank of New York Mellon Corp. was sued by Arrowgrass Master Fund Ltd. and other holders of about $1 billion in notes to recover losses stemming from the bankruptcy of Lyondell Chemical Co.

Repsol Sues Bank of New York Mellon Over YPF Election

Repsol SA sued Bank of New York Mellon Corp. for more than $50 million for failing to carry out voting instructions in the election of the board of YPF SA, Argentina’s largest oil company.

Fed Made State Street Profitable as Money-Fund Middleman in ’08

State Street Corp. and JPMorgan Chase & Co. profited during the financial crisis by borrowing $200 billion almost risk-free from the Federal Reserve under a program intended to rescue money-market mutual funds.

Fed's `Pit Bull' Takes on Bank of America in BuyBack Battle

Kathy D. Patrick is a Houston lawyer who spends her Sundays teaching children about God. The rest of the week, according to one attorney who knows her, she can be “as frightening as a pit bull on steroids.”

Wall Street's Biggest Bargain May Be Wall Street Office Space

The best deal on Wall Street might be its office space.

"All but one of our directors are independent."

- Ron Gruendl on May 19, 2013

New York

Manhattan

Bny Mellon

Germany

U.S. Stocks Rise Amid Housing Starts Data, Fed Meeting

Yen Falls Second Day Versus Dollar Before Fed; Franc Rallies

U.S. Equities Gain While Yen, Treasuries Drop Before Fed

Rigged-Benchmark Probes Proliferate From Singapore to UK

New Voters Loosen Republicans’ Grip on Old Dominion