Bank of New York Mellon

(Newser) - Matthew Mellon, the banking heir whose cryptocurrency investment paid off big-time, has died in Cancun, Mexico. He was 54. A family rep issued the following statement to Page Six : "Mellon made his fortune in cryptocurrency, turning a $2 million investment into $1 billion. He is survived by his three...

(Newser) - Federal regulators say five of the biggest banks in the US haven't worked out strong plans for how they might reshape themselves in case of failure, which could leave them unable to survive without another taxpayer bailout, reports the AP . JPMorgan Chase, Bank of America, Wells Fargo, Bank of...

(Newser) - Many in Washington are calling for lower corporate taxes, but many US corporations have now become so adept at dodging the taxman that they’re paying their CEOs a lot more than Uncle Sam, according to a new study from a liberal think tank. The study found that 25 of...