Bank of New York, US Bancorp and State Street reported disappointing results, adding further pressure to bank stocks in pre-market trading.

The Bank of New York Company issue the following statement on May 17th.

Russia's Customs Service filed a suit with the Moscow Arbitration Court against the Bank of New York, a global leader in securities servicing, for $22.5 billion in damages, the service lawyer said Thursday.

The Bank of New York, a global leader in securities servicing and asset management, was honored with the Best ETF Services Provider award at the 3rd Annual Global ETF Awards held in New York.