Mellon Financial Corp.

Recent Events

News & Analysis

fitch and mellon financial corp. - All News and Analysis

• Fitch Rates Mellon Capital IV 'A+'; Outlook Positive

  - 2007-06-20

  CHICAGO -- Fitch Ratings has assigned an 'A+' rating to preferred capital securities issued by Mellon Capital IV, a special purpose subsidiary of Mellon Financial Corporation (NYSE:MEL). The Rating Outlook, like that of MEL and its other affiliates, is Positive. These securities qualify as Tier 1 Capital for regulatory purposes....

  Tags: Fitch, Mellon Financial Corp., SECURITY

• Fitch Affirms Bank of New York & Mellon's IDR at 'AA-'; Outlook Positive

  - 2007-05-29

  CHICAGO -- Fitch Ratings has affirmed all ratings of The Bank of New York Company, Inc. (NYSE:BK), Mellon Financial Corporation (NYSE:MEL), and their affiliates. The Rating Outlook is Positive. A complete list of ratings follows at the end of this release. In December 2006, BK and MEL agreed to...

  Tags: asset, bank, deposit, FINANCE, Fitch, Investment, Mellon Financial Corp., merger

• Global Custody

  - 2007-04-01

  Global Finance presents its annual sponsored guide to the leading providers in the global custody market. THE BANK OF NEW YORK Custody assets: 2006: $13 trillion 2005: $10.9 trillion Ratings: longterm deposits Moody's Aa2, S&P AA-, Fitch AA Client profile: By location: Americas 68%, Europe including UK 26%,...

  Tags: asset, bank, Fitch, Investment, Mellon Financial Corp., Moody's Corp., S&P, security, Wells Fargo & Co.

• Fitch: Bank of NY's CMBS Servicer Ratings Unaffected Following Merger

  - 2006-12-06

  CHICAGO -- On Dec. 4, 2006, The Bank of New York Company, Inc. (NYSE: BK) and Mellon Financial Corporation (NYSE: MEL) announced that they intend to merge. The Bank of New York Asset Solutions Division BNYAS, the commercial mortgage servicing division of BK, is a Fitch-rated commercial mortgage-backed securities CMBS...

  Tags: bank, FINANCE, Fitch, Investment, Mellon Financial Corp., merger, Mortgages

• Fitch Affirms Bank of New York & Mellon Financial on Merger Announcement; Outlook to Positive

  - 2006-12-04

  CHICAGO -- Fitch has affirmed all ratings of The Bank of New York Company, Inc. (NYSE:BK) and Mellon Financial Corporation (NYSE:MEL) and has assigned a Positive Outlook to the ratings of both companies. Beyond setting the Support rating at '2' for the combined operating companies, Fitch does not expect any...

  Tags: bank, company, Fitch, Mellon Financial Corp., merger, Microsoft Outlook

• Fitch Rates Mellon's Bank Subsidiaries 'AA-'

  - 2006-09-06

  CHICAGO -- Fitch Ratings has assigned long-term Issuer Default Ratings IDRs of 'AA-' to Mellon United National Bank and Mellon 1st Business Bank, N.A., both of which are bank subsidiaries of Mellon Financial Corporation MEL. Fitch has also assigned these entities long-term and short-term deposit ratings, short-term issuer ratings, Individual...

  Tags: bank, deposit, Fitch, Mellon Financial Corp.

• Fitch Expects to Rate Mellon Financial Capital Trust's Securities 'A+'

  - 2006-09-06

  CHICAGO -- Fitch Ratings expects to assign an 'A+' rating to Substantial Equity Credit Trust Preferred Securities SECTRS, which are hybrid trust preferred securities to be issued by Mellon Financial Capital Trust, a special purpose subsidiary of Mellon Financial Corporation. These securities will be denominated in British pounds, will have...

  Tags: Fitch, Mellon Financial Corp., security

• Fitch Affirms Mellon's Ratings

  - 2006-05-17

  CHICAGO -- Fitch Ratings has affirmed all ratings of Mellon Financial Corporation MEL and its subsidiaries following MEL's announcement that it will purchase institutional asset manager Walter Scott & Partners Walter Scott. The transaction is expected to close at the end of the third quarter of 2006. A complete list...

  Tags: asset, equity, FINANCE, Fitch, Investment, Mellon Financial Corp., Walter

• Fitch Rates Universal Liquidity Funds plc - Liquidity Plus Sub Fund 'AAA/V1+'

  - 2006-05-09

  NEW YORK -- Universal Liquidity Funds plc - Liquidity Plus Sub Fund the fund is assigned a money market fund rating of 'AAA/V1+' by Fitch Ratings. The rating reflects the fund's high credit quality, conservative investment policies, and strong ability to provide shareholders with a constant $1.00 per share valuation....

  Tags: asset, Dreyfus Corp., FINANCE, Fitch, Investment, liquidity, Mellon Financial Corp., valuation

• Fitch Rates Mellon Bank's Sub Debt 'A+'

  - 2006-03-21

  CHICAGO -- Fitch Ratings has assigned a long-term rating of 'A+' to $250 million in subordinated debt issued by Mellon Bank, N.A., the main operating subsidiary of Mellon Financial Corporation MEL. This issue bears a 5.45% coupon, will mature on April 1, 2016, and qualifies as Tier II Capital. Proceeds...

  Tags: bank, Chicago, coupon, Fitch, Groupware, Mellon Financial Corp., SOFTWARE