The Bank of New York Mellon is expected to be named the master custodian firm overseeing the Treasury Department’s bailout fund, people close to the situation said.

The Bank of New York is expected to be named the master custodian firm overseeing the Treasury Department’s bailout fund, people close to the situation said.

An author of an U.S. anti-racketeering law argued that Russia could apply the law in a $22 billion suit against Bank of New York for its role in a money laundering scandal.

Who owns the note on a home when it is forced into foreclosure, often a murky question, is among the factors that have helped homeowners facing foreclosures to fight back.

The Russian government sought to make Bank of New York Mellon liable for $22.5 billion in damages for a money-laundering scandal that helped undermine Russia’s economy.

American lawyers argued in Moscow that the Bank of New York Mellon is liable for $22.5 billion in damages for a money-laundering scandal that helped undermine Russia’s economy.