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Bank of N.Y. Unit Settles with AG Over Madoff

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    FOX Business brief: Late-morning markets

  • Duration 0:56
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Hi everyone I'm Brian -- Business rate Wall Street is trying to drive -- the sluggish start of the trading day right now.

We're -- the Dow up about 55 points meanwhile unit of Bank of New York Mellon will pay 210 million dollars.

To settle a number of losses related to the Bernie Madoff scheme.

Ivy asset management allegedly received nearly forty million dollars in fees over -- ten year period.

To give advice and conducting due diligence for clients with money invested with Madoff.

And it looks like US homeowners are getting better at keeping up with their mortgage payments.

According to Trans -- -- percentage of mortgage holders at least two months behind on their payments.

-- in the third quarter to five point 5%.

That's down nearly five point 9% up from five point 9% from a year ago and is the loan delinquency rates in the first quarter of 2009.

And that's the latest from the Fox Business Network giving you the power to.