Bank of New York Mellon Corp

Bank of NY Mellon joined the rush by top-tier financial services firms to bet on digital currencies such as bitcoin on Thursday, saying it had formed a new unit to help clients hold, transfer and issue digital assets.

The Bank of New York Mellon Corp plans to hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset management clients later this year, the Wall Street Journal reported on Thursday.

The Bank of New York Mellon Corp said on Thursday it has partnered with Google Cloud on technology that uses artificial intelligence and machine learning to predict when BNY Mellon's clients' U.S. Treasury transactions will fail to settle.

Chubb Ltd, one of the world's largest insurers, this week promoted its top litigator and deputy general counsel Nandini Mani as its executive vice president of overseas claims, an appointment that comes as the coronavirus pandemic rattles the insurance industry.

Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds over nearly two decades.

Shares of the biggest global banks dropped on Monday after news reports said they allowed large sums of allegedly illicit funds to move through the financial system, despite red flags about the origins of the money.

* BERKSHIRE HATHAWAY INC REPORTS OPEN MARKET SALE OF 197,379 SHARES OF BANK OF NEW YORK MELLON CORP ON APRIL 7 AT AVERAGE PRICE OF $35.3069 - SEC FILING

Bank of New York Mellon Corp <BK.N> on Monday named interim head Thomas Gibbons as chief executive officer, effective immediately.

Bank of New York Mellon Corp <BK.N> missed analysts' estimates for quarterly profit on Thursday, as the world's largest custodian bank earned less from its interest-earning assets due to rate cuts by the Federal Reserve.

* SAID ON FRIDAY THAT THE BANK OF NEW YORK MELLON CORPORATION'S SUBSIDIARIES BNY MELLON IHC, LLC AND MBC INVESTMENTS CORPORATION DECREASED THEIR HOLDINGS IN GALP’S VOTING RIGHTS TO BELOW THE 2% THRESHOLD

Bank of New York Mellon Corp <BK.N> reported a better-than-expected quarterly profit on Wednesday, as the world's largest custodian bank cut costs to counter weakness in its investment management business and lower interest rates.

Bank of New York Mellon Corp reported a 7% fall in quarterly profit on Wednesday, as the world's largest custodian bank earned lower fees and took a hit from a drop in interest rates.

* BANK OF NEW YORK MELLON CORP LOST VANECK ASSOCIATES AS A CLIENT OF ITS SERVICING BUSINESS FOR EXCHANGE-TRADED FUNDS TO RIVAL STATE STREET CORP - WSJ Source text : https://on.wsj.com/2HmPyPM Further company coverage:

A federal judge in Pittsburgh has rejected a bid by a Bank of New York Mellon unit to dismiss a proposed class action accusing it of imprudently investing thousands of trusts' assets in poorly performing mutual funds managed by an affiliate.

Bank of New York Mellon Corp said on Wednesday it expects net interest revenue to decline again in the current quarter as the world's largest custodian bank pays higher interest rates to attract deposits, sending its shares down 9 percent.

Bank of New York Mellon Corp said it expects net interest revenue to fall between 3 and 5 percent in the second quarter, compared with the first, mostly due to higher interest paid on deposits.

Bank of New York Mellon Corp said it expects net interest revenue to fall between 3 and 5 percent in the second quarter, compared with the first, mostly due to higher interest paid on deposits.

Bank of New York Mellon Corp reported a 20 percent fall in quarterly profit on Wednesday, as the world's largest custodian bank's fee revenue declined.

An Alabama couple who allege they lost $650,000 to fraudsters selling purported certificates of deposit on a fake bank of New York Mellon website have sued the bank and Wells Fargo, which allegedly processed a wire transfer to the criminals.