Violation Tracker Individual Record

Company: 
THE BANK OF NEW YORK MELLON
Current Parent Company: 
Bank of New York Mellon
Penalty: 
$6,000,000
Year: 
2012
Date: 
April 13, 2012
Primary Offense: 
banking violation
Violation Description: 

The Federal Reserve Board issued a consent cease and desist order and assessed a $6 million civil money penalty against the Bank of New York Mellon concerning allegations that he bank breached certain representations and warranties made to the Federal Reserve Bank of Boston in connection with its participation in the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Reserve
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.