Wednesday, August 3, 2011, 2:58 PM
Moody's is assigning a negative outlook to Bank of New York (BNY) and JPMorgan Chase's (JPM) debt, suggesting a higher likelihood of a ratings cut in the next 12-18 months. Moody's is concerned about the impact of a downgrade of Treasurys, and the potential for diminished government support thanks to Dodd-Frank.
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Thursday, May 12, 2011, 9:07 AM
State Street (STT) says it is under SEC investigation for its foreign exchange pricing methods for pension plans. The investigation comes just weeks after Massachusetts officials began reviewing forex trading operations involving State Street and rival Bank of New York Mellon (BNY). STT -1.2% premarket.
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