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Mellon Mortgage Company

Bank of New York Mellon Corporation Sued By Knights of Columbus

Bank of New York Mellon Corp (NYSE:BK) is being targeted for allegedly violating state law while representing mortgage-bond investors, was accused ...

Bank of New York Mellon Corp Has $44.20 Million Position in South State Corp (NASDAQ:SSB)

Bank of New York Mellon Corp increased its position in South State Corp (NASDAQ:SSB) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 737,262 shares of the bank’s stock after purchasing an additional 2,906 shares during the period. Bank of New York Mellon Corp owned about 2.02% of South State worth $44,199,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in South State by 44.8% during the 3rd quarter. Wells Fargo & Company MN now owns 589,809 shares of the bank’s stock worth $48,364,000 after purchasing an additional 182,406 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of South State by 17.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 40,337 shares of the bank’s stock valued at $3,308,000 after buying an additional 6,098 shares during the period. Prudential Financial Inc. boosted its stake in shares of South State by 764.7% during the 3rd quarter. Prudential Financial Inc. now owns 36,257 shares of the bank’s stock valued at $2,973,000 after buying an additional 32,064 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of South State by 1.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 171,368 shares of the bank’s stock valued at $14,052,000 after purchasing an additional 2,657 shares during the last quarter. Finally, Keybank National Association OH lifted its stake in shares of South State by 9.2% in the 3rd quarter. Keybank National Association OH now owns 20,975 shares of the bank’s stock valued at $1,720,000 after purchasing an additional 1,775 shares during the last quarter. 78.00% of the stock is owned by hedge funds and other institutional investors.

Emergency Economic Stabilization Act. Failed?

First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets.

Then it was about using $250 billion of it to buy stakes in banks.


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