UK Watchdog Fines BNY Mellon $185 Million

Bank of New York Mellon will pay a $185 million penalty to British regulators for failing to keep customer money safe during the financial crisis.

The fine brought by the U.K. Financial Conduct Authority settles an investigation into the bank’s practices between November 2007 and August 2013.

The British watchdog said the bank’s failure to “record, reconcile and protect safe custody assets” during that period “was particularly serious given the systemically important nature of the firms.”

The world’s largest custody bank, BNY Mellon safeguards financial assets for clients, including large institutions.

Read more: http://triblive.com/business/headlines/8177054-74/bank-mellon-bny#ixzz3XOT7DbxX
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Report: Foreign Dollars Bring Many Jobs To Scranton/Wilkes-Barre Area

Locator map of the Scranton-Wilkes-Barre Metropolitan Statistical Area in the northeastern part of the of . (Photo credit: Wikipedia)

Foreign direct investment has increased jobs in Northeastern Pennsylvania.

It accounted for 14,050 jobs in the Scranton/Wilkes-Barre Metropolitan Statistical Area in 2011, an increase of about 4,300 in the past two decades, according to a new report that looked at data for the nation’s 100 largest metropolitan areas.

That’s 6.2 percent of total private sector employment, above the national rate of 5 percent.

The data comes from a new report that tries to gauge the local impact of “Foreign Direct Investment,” defined as a company in a foreign country investing enough to gain a controlling share of an American company.

Read more: http://timesleader.com/news/local-news-news/1479223/Report:-Foreign-dollars-bring-area-jobs

It’s A Boy For William And Kate

Clarence House has tweeted:

Her Royal Highness The Duchess of Cambridge was safely delivered of a son at 4.24pm.

The baby weighs 8lbs 6oz.

Singer Robin Gibb Has Died At 62

LONDON  —  With his carefully tended hair, tight trousers and perfect harmonies, Robin Gibb, along with his brothers Maurice and Barry, defined the disco era. As part of the Bee Gees — short for the Brothers Gibb — they created dance floor classics like “Stayin Alive,” ”Jive Talkin’,” and “Night Fever” that can still get crowds onto a dance floor.

The catchy songs, with their falsetto vocals and relentless beat, are familiar pop culture mainstays. There are more than 6,000 cover versions of the Bee Gees hits, and they are still heard on dance floors and at wedding receptions, birthday parties, and other festive occasions.

Robin Gibb, 62, died Sunday “following his long battle with cancer and intestinal surgery,” his family announced in a statement released by Gibb’s representative Doug Wright. “The family have asked that their privacy is respected at this very difficult time,” it said.

Read more: http://thetimes-tribune.com/singer-robin-gibb-has-died-at-62-1.1318029

Last Known WW1 Vet Dies At 110

LONDON — Florence Green, the world’s last known veteran of World War I, has died at the age of 110, the care home where she lived said Tuesday.

Briar House Care Home in King’s Lynn, England, said Green died Saturday, two weeks before her 111th birthday.

Born Florence Beatrice Patterson in London on Feb. 19, 1901, she joined the Women’s Royal Air Force in September 1918 at the age of 17.

Read more: http://www.msnbc.msn.com/id/46297110/ns/world_news-europe/t/time-my-life-last-known-wwi-veteran-dies

Amy Winehouse Cause Of Death Released

A British coroner ruled that Amy Winehouse died of accidental alcohol poisoning.  “Death by misadventure” was the result of having a blood alcohol level five times over the legal drunk-driving limit.  Ms. Winehouse had “fallen off the wagon” shortly before her death and had begun drinking heavily after a period of sobriety.  Ms. Winehouse was 27-years-old.