BNY Mellon

China Seen Taking Steps to Stabilize Yuan Ahead of U.S. Trade Talks – Bloomberg

China Seen Taking Steps to Stabilize Yuan Ahead of U.S. Trade Talks<p>China Seen Taking Steps to Stabilize Yuan Ahead of U.S. Trade Talks<p>China Seen …

China

Warren Buffett Just Invested $1.2 Billion in These 3 Bank Stocks

The Oracle of Omaha clearly sees value in the financial sector.<p>We recently got a look at <b>Berkshire Hathaway</b>'s (NYSE:BRK-A) (NYSE:BRK-B) closely …

Investing

Pershing Securities review sparks ownership re-think

Australia hasn't always been a happy hunting ground for clearing house Pershing Securities and brokers are now wondering whether its owners are …

Financial Services

Perth Mint launches first ETF with sovereign-backed gold

Perth Mint Physical Gold ETF (NYSEARCA:AAAU) is fully backed by physical gold, which is guaranteed by the government of Western Australia, with …

Business

Berkshire Hathaway ups Apple stake, shifts airline holdings

Berkshire Hathaway Inc. BRK.A, +0.15% BRK.B, +0.28% said it loaded up on shares of Apple Inc. AAPL, +2.00% while trimming its stake in American …

Investing

Trian Fund updates portfolio with declines in Wendy's, Sysco

Trian Fund discloses its updated portfolio positions in a 13F filing.<p>Maintained: GE (NYSE:GE) at 70.86M shares, Procter & Gamble (NYSE:PG) at 37.91M …

Investing

U.S. bank shares fall on Turkey contagion fears

© Reuters. Turkish lira banknotes are pictured at a currency exchange office in Istanbul<p>By Sinéad Carew<p>(Reuters) - U.S. bank shares fell for a third …

Stock Markets

Turkey Central Bank is going to have to do something aggressive, says chief currency strategist

Simon Derrick, Chief Currency Strategist at BNY Mellon, joins the 'Squawkbox' team to discuss what the Turkey Central Bank needs to do after the Lira …

Central Banks

Turkey Bank Loans For $21 Billion Are Led by StanChart, Citi

Standard Chartered Plc, Citigroup Inc., ING Groep NV and BNP Paribas SA helped arrange the most syndicated loans for Turkish financial institutions, …

Loans

Stocks - Bank Stocks Hit by Turkey Fears Midday; Chip Stocks Slide

© Reuters. The plunge in the Turkish lira hit U.S. bank stocks.<p>Investing.com - Financial stocks were mostly lower midday, as investors fretted about …

Stock Markets

August Has a History of Crushing Dreams for Stock-Market Bulls

August has a history of quashing investors’ illusions of a quiet summer. And there’s enough risk hanging around this month for it to happen again.<p>The …

Stock Markets

Markets Right Now: Stocks are off to a mixed start

The latest on developments in financial markets (all times local):<p>9:35 a.m.<p>Stocks are off to a mixed start on Wall Street as gains for technology …

Stock Markets

Goldman is rolling out crypto custody services

<i>This story was delivered to Business Insider Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.</i><p>Goldman Sachs is exploring offering custody services for crypto funds, according to people familiar with the matter cited by Bloomberg. This would result in …

Business

Largest Custody Banks Saw Negligible Growth In Their Asset Bases Over Q2

The total size of assets under custody and administration (AUC/A) for the four largest custody banks in the world remained largely unchanged over the second quarter of this year. Although each of these banks secured new mandates over the period, their combined custody asset base remained level at …

Mellon

Goldman Sachs Becoming Custodian of Cryptocurrency Could Be a 'Game Changer'

New York-based multinational investment bank Goldman Sachs is making another step forward in its bet on the cryptocurrency market. The firm, led by …

Cryptocurrency

Did Goldman Sachs Just Make Its Move to Cryptocurrency?

Cryptocurrency custody services are a relatively new innovation for the space. Custody services are third-party solutions for the secure storage of …

Goldman Sachs

HJ Sims Welcomes John Koene as Managing Director to Lead Northeast Complex

FAIRFIELD, Conn., Aug. 7, 2018 /PRNewswire/ -- HJ Sims (Sims) is pleased to announce that <b></b>John Koene joins the firm as Managing Director of the Private Client Group for the firm's northeast complex, including the Iselin, NJ and Fairfield, CT offices.<p>"I am thrilled to join a firm with such a rich …

Taxes

Newton Man Donates Raffle Winnings To Charity

It's happened before that a winner will hand off their winnings to a charity, but this was fast.<p>NEWTON, MA — Well, that was fast. A Newton resident …

Chamber of Commerce

Bitcoin Dips Below $7,000, Hits Lowest Level in Three Weeks

Cryptocurrencies prices fell on Tuesday<p>Investing.com – Cryptocurrencies prices fell on Tuesday, with Bitcoin falling below the $7,000 mark after …

Cryptocurrency

Goldman Sachs Group Inc (NYSE:GS) Considers Providing Crypto Storage Services

<b>Goldman Sachs Group Inc (NYSE:GS)</b> is said to be holding discussions while it considers getting into the crypto storage services space. It is planning …

Goldman Sachs

The Bitcoin Price Could Be In For A Boost From Fresh Institutional Support

The bitcoin price, which has been wallowing around the $7,000 mark since a sell-off last week, could be in for a boost after it was reported New York banking giant Goldman Sachs is mulling whether to get stuck into crypto.<p>Goldman Sachs is considering holding bitcoin and cryptocurrency securities on …

Cryptocurrency

Goldman Sachs Is Considering a Custody Offering for Crypto Funds

Goldman Sachs Group Inc. could offer a boost for the burgeoning universe of funds betting on cryptocurrencies.<p>The firm is considering a plan to offer …

Goldman Sachs

Sysco Corporation: Board of Directors - Bloomberg

August 06, 2018 9:36 AM ET<p>Food and Staples Retailing<p>Company Overview of Sysco Corporation<p>Sysco Corporation INSIDERS ON Board Members<p>Name (Connections)<p>…

Relationships

Sterling ‘fear gauge’ soars amid City jitters ahead of Brexit

Mark Carney

‘Shotgun’ pleadings backfire on borrowers, foreclosure lawyer – 11th Circuit

An experienced foreclosure-defense lawyer wasted judicial resources by using “shotgun” allegations in his initial and amended complaints for a pair of Alabama homeowners suing their mortgage holder and by filing a frivolous appeal on their behalf, a federal appeals court held on Friday.<p>The 11th …

Law

GOP senators join criticism of Fed over capital rules for megabanks

Echoing House members, five Republican senators called on the Federal Reserve Board to rethink its surcharge in order to eliminate “excessive” …

U.S. Economy

Canadian DB pensions post positive, yet muted returns in second quarter

Canadian defined benefit pension plans experienced a modest second quarter, according to separate reports by BNY Mellon Asset Management Canada Ltd. …

Business (Canada)

BOE Needs Flexibility Amid Brexit Uncertainty, BNY's Derrick Says – Bloomberg

BOE Needs Flexibility Amid Brexit Uncertainty, BNY's Derrick Says<p>BOE Needs Flexibility Amid Brexit Uncertainty, BNY's Derrick Says<p>BOE Needs …

Bank of England

BNY Mellon Boss Moves To Coinbase To Lead Push Into Cryptocurrency Custody

Coinbase’s new chief compliance officer, Jeff Horowitz, just finished his first day on the job. The former managing director and chief compliance officer of BNY Mellon subsidiary Pershing, LLC., spent the day in meetings, and going through an onboarding process he likens to a mix of Silicon Valley …

Cryptocurrency

Coinbase puts former banking exec in charge of global compliance

Perhaps feeling pressure from worldwide regulators, international cryptocurrency exchange Coinbase has finally resorted to arming itself with a chief compliance officer, Reuters reports.<p>They’ve put Jeff Horowitz in charge of keeping Coinbase in line as it continues its global expansion. According …

Digital Currency