BNY Mellon

Emerging market jitters cast shadow over investment horizons

Lurking in the shadows of every bull market run are fears it will suddenly come crashing to a halt. All through 2017, a stellar year in which many …

Economy

State Street Challenging BNY Mellon As Largest Custody Bank

State Street’s assets under custody and administration (AUC/A) grew by 10% in the last year to settle at $32.1 trillion at the end of Q3 2017 – nearly closing the gap with industry leader BNY Mellon, which reported growth of 5.6% over the same period. Notably, the gap in custody assets for these …

Markets

Bitcoin Exchange Wants to Be Digital Safe House for Hedge Funds

Coinbase, one of the most popular digital-coin exchanges for retail investors, has its eye on institutional cash looking for a way into …

Bitcoin

U.S. banks speed up with first new payment system in 40 years

An organization of 25 U.S. banks this week started the first new payment clearance and settlement system for the United States in more than 40 years, offering the prospect that businesses and individuals will be able to better track their funds minute-by-minute and use fewer paper checks.<p>The …

Banking

News Highlights: Top Company News of the Day

Amazon to Sell Part of Its Cloud Business in China<p>Amazon.com said it would sell computing equipment used for its cloud services in China to its local partner, Beijing Sinnet Technology.<p>Airbnb Aims to Placate Paris Regulators With Rental Cap<p>Airbnb will start automatically capping the number days a …

U.S. Department of Justice

US comes from a decade behind to launch faster bank payments

A group of the largest global banks have launched real-time payments in the US, in an attempt to catch up with other countries such as the UK by …

Banking

Catching up with the times, banks in the US are finally rolling out real-time payments

Banks are finally starting to do something that used to be unthinkable: Let you send money and have your recipient get it at the same time, or just a …

Business

BNY Mellon's Scharf Makes First Moves to Reshape Bank

Charles Scharf, Bank of New York Mellon Corp.’s new chief executive officer, made his first moves to reshape the company by reorganizing its biggest …

Business

BNY Mellon to merge units to create $560bn fund powerhouse

Bank of New York Mellon’s sprawling $1.8tn asset management arm is smashing together three of its investment boutiques into one combined $560bn …

Finance

CEO Scharf Names a CFO in Executive Shuffle at Bank of New York Mellon -- Update

Bank of New York Mellon Corp. reshuffled its management Monday as a first step in new Chief Executive Charles Scharf's bid to put his stamp on the custody bank.<p>BNY Mellon said it named Michael Santomassimo the bank's finance chief, replacing Thomas Gibbons. BNY Mellon also divided up its largest …

Markets

Internal asset management consolidation at BNY Mellon

• via the FT<br>• There's an increasing need for scale in the investment management industry, and Bank of New York Mellon (NYSE:BK) is finding opportunity to …

Stock Markets

FinClear seeks inroads in equities execution, clearing

Local firm FinClear, the only third-party equities clearer to be admitted to the ASX in two years, sees plenty of scope to win customers in the …

FinTech

Six HR Principles When Transforming With The Cloud

Mention the word <i>fintech</i> to veteran financial services executives and watch the hairs on the backs of their necks stand up.<p>Fintech is a broad term …

Design Thinking

How the GOP Tax Plan Could Make Divorce More Expensive

President Donald Trump knows first-hand that a divorce -- or in his case, two -- can be messy and expensive.<p>But if Republican lawmakers get their …

Business

The Network | The Network

Blockchain, the technology that removes the need for trusted third parties, is taking the tech industry by storm. Blockchain acts as a distributed ledger that allows data to be stored across networks rather than in just one server.<p>CNBC reports that just last year, more than 26,000 new blockchain …

Innovation

Girls Who Invest tackles gender gap in asset management

Fewer than 10 percent of all U.S. fund managers are women, according to a study released by Morningstar in 2015. And if the current trends hold, that …

Boston University

Tracking Yacktman Asset Management Portfolio - Q3 2017 Update

Yacktman's US long equity portfolio value increased marginally from $10.28B to $10.35B this quarter.<p>Yacktman Asset Management increased Infosys and …

Stocks

BNY Mellon Worth $55 As Custody Banking Business Is Booming

Bank of New York Mellon stands out in the list of ten largest U.S. banks as the only one with a business model that relies completely on custody banking and investment management services. And we believe that this focused approach is the biggest source of value for the banking giant – something …

FinTech

Goldman Sachs Considers Cryptocurrency, Beginning With Blockchain

With Goldman Sachs’ consideration to bring bitcoin into the fold, banking giants in the US and Europe that have been worried about a bitcoin bubble …

Bitcoin

U.S. employers add 261,000 jobs in October, but wage growth stays subdued

America’s job-creation machine, idled by the hurricanes in September, fired back up last month as employers added more than a quarter-million new jobs. But for most workers, stronger wage gains remain elusive.<p>The government’s latest snapshot of national employment, released Friday, showed that the …

Economy

Bank of England rate hike decision no surprise, strategist says

Avoiding too much of a hawkish signal was in line with expectations, Simon Derrick, chief currency strategist at BNY Mellon, said.

Economy

Fintech Innovation Lab

I write this post every year because I think this is a great program.<p>Fintech Innovation Lab NYC is a business accelerator program that works with the …

JPMorgan Chase & Co

Silvercrest Asset Management reports Q3 results

Silvercrest Asset Management (NASDAQ:SAMG): Q3 EPS of $0.24<p>Revenue of $22.85M (+11.6% Y/Y)<p>Press Release<p>Now read: <b>Bank Of New York Mellon: Upside Comes</b> …

Business

Major Institutional Investors Buy ViewRay Stock

VRAY has made significant gains in late October.<p>VRAY recently completed a $50M sale of stock.<p>The VRAY stock sale was backed by experienced …

Business

Dumas Says China Growth Has Been Above Trend

October 31st, 2017, 10:31 AM UTC<p>Charles Dumas, chief economist at TS Lombard, and Simon Derrick, chief currency strategist at Bank of New York …

Business

Bank Of New York Mellon: Upside Comes With Risks

Operating performance has slowed in recent years, but 2017 seems to be a turnaround year with a new CEO at the helm.<p>Balance sheet is solid, however, …

Stocks

ADRs End Mostly Higher; Alibaba, Teva Trade Actively

International stocks trading in New York closed mostly higher on Monday.<p>The BNY Mellon index of American depositary receipts increased 0.3% to 149.43. The European index rose 0.5% to 138.55. And the Asian index improved 0.3% to 176.15.<p>Meanwhile, the Latin American index fell 1.8% to 246.72, while …

Markets

Bank of New York Mellon goes ex-dividend on Monday

Bank of New York Mellon (NYSE:BK) had declared $0.24/share quarterly dividend, in line with previous.<p>Payable Nov. 9; for shareholders of record Oct. …

Business

Fixed Income Struggles With MiFID II

Nearly half of fixed income traders said they are struggling with MiFID II compliance as the deadline approaches at the start of next year, but their …

Finance

58 Stocks Going Ex-Dividend Next Week (Oct. 30th-Nov. 3rd)

This is the list of dividend stocks from the popular U.S. Dividend Champion, Challenger, Contender ("CCC") list that are going ex-dividend next …

Stocks