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Stock Market & Financial Investment News

News Breaks
February 4, 2013
07:34 EDTAGO, BKAssured Guaranty makes statement regarding payments for sewer revenue warrants
On Friday, February 1, The Bank of New York Mellon (BK), as trustee for the Jefferson County, Alabama, sewer revenue warrants, notified Assured Guaranty Municipal Corp. (AGO) that it was suspending, until further notice, distributions to warrant holders of funds that secure and are the source of payment of the sewer warrants’ debt service. The suspended distributions include both net system revenues and draws on insurance policies, including certain AGM insurance policies. AGM disagrees with the trustee’s decision to suspend distributions and will take all steps necessary to ensure that each holder of an AGM-insured sewer warrant will receive scheduled debt service payments in full and in a timely manner. In that regard, AGM has paid all amounts due for payment on February 1 on the AGM-insured sewer warrants under its bond insurance policy to the Depository Trust Company and expects that DTC will credit such amounts to holders' accounts on Monday, February 4.
News For AGO;BK From The Last 14 Days
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April 14, 2014
05:36 EDTBKBNY Mellon appointed as AIFMD depositary by PGGM Vermogensbeheer B.V.
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April 10, 2014
09:09 EDTBKBNY Mellon appoints Monique Herena as Chief Human Resources Officer
BNY Mellon (BK) has appointed Monique Herena senior executive VP and chief human resources officer for the company, effective April 28. Herena will report to CEO Gerald L. Hassell and serve on the Executive Committee, succeeding Lisa Peters, who is retiring after 32 years with the company. Herena joins BNY Mellon from PepsiCo (PEP) where she had an equivalent position.
April 9, 2014
06:23 EDTBKBNY Mellon investors reject chairman-CEO split, WSJ reports
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April 7, 2014
16:19 EDTBKBNY Mellon boosts dividend 13% to 17c per share
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