Bank Of New York Mellon Corp.
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RIAs join brokers in promoting securities-backed lending
The practice is growing quickly even beyond wirehouses, but some are concerned about the risks and conflicts of interest.
Pershing CEO: RIA growth outpacing B-Ds
Ron DeCicco expects the RIA channel to continue growing while regulatory pressures and higher expenses weigh down broker-dealers.
Global markets riding high on the 'Yellen effect'
Did Janet Yellen affect global markets? Better believe it. Also, four U.S. banks get cut by Moody's, some big names load up on gold and yes, there's an ETF with a chunk of Twitter. From InvestmentNews senior columnist Jeff Benjamin, who adds a Turkey Day preview.
BNY Mellon ripe for wealth management expansion
Thriving unit plans to add 100 workers to operation by end of 2014; largest staff hike under new CEO
In custody battle, Pershing reaches landmark
Advisors Solutions unit surpasses $100 billion mark in RIA assets under custody
BNY Mellon sued for negligence over Madoff
Bank of New York Mellon Corp. was sued on behalf of three funds for negligence in connection with the Ponzi scheme run by convicted fraudster Bernard L. Madoff.
BNY Mellon engaged in 'multipronged campaign of deception': NY state
Claim custody bank defrauded customers in foreign currency transactions; 'virtually worst rates of the day'
BNY Mellon shelves sale of $17B unit: Sources
Two weeks after departure of Robert Kelly, bank said to nix possible Alcentra divestiture
Kelly resigns from BNY Mellon in shock move
Once touted as a possible replacement for Ken Lewis at Bank of America, Robert Kelly resigned unexpectedly on Wednesday as CEO of BNY Mellon. According to reports, disagreements with directors ultimately led to his exit.
Plans to tax munis won't fly: BNY Mellon
Renewed proposals to eliminate the tax-exempt status of municipal bonds as a way to reduce the $1.5 trillion federal deficit are unlikely to succeed, according to a report by The Bank of New York Mellon Corp.
BNY Mellon snags BlackRock exec to replace O'Hanley
Arledge tabbed to to run BNY Mellon's asset management unit; Wachovia connection?
Little's exit signals outside hire at BNY Mellon Asset Management: Sources
Bank said to be leaning toward external candidate for permanent replacement for Ronald Hanley
BNY Mellon earnings triple
Bank of New York Mellon Corp., parent of Pershing and Dreyfus and the world’s biggest custody bank, said second-quarter earnings more than tripled on higher fees for overseeing and managing investor assets. Net income climbed to $658 million, or 54 cents a share, from $176 million, or 15 cents a
BNY Mellon unit ditching riskiest bonds in its muni funds
Standish Mellon Asset Management has spent the past several months unwinding the credit risk of its municipal bond funds, but isn't scared of massive defaults coming down the pike.
BNY Mellon mulling absolute-return funds for retail investors
BNY Mellon Asset Management executives are looking into launching pension-style absolute-return mutual funds for U.S. retail investors.