Bank of New York Mellon Corp

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.

Bank of New York Mellon Corp backed away on Thursday from changing rules relating to its staff working from home, after a call to reevaluate the option invited severe criticism from employees.

Bank of New York Mellon Corp <BK.N> beat Wall Street estimates for fourth-quarter profit on Wednesday, as it earned more in fees from servicing assets that clients keep with the bank and kept a tight lid on expenses.

Bank of New York Mellon Corp on Wednesday reported a 26 percent fall in fourth-quarter profit from last year when it benefited from a one-time gain due to a change in U.S. tax laws.

The top U.S. securities regulator on Monday said that Bank of New York Mellon <BK.N> will pay more than $54 million to settle charges of improper handling of "pre-released" American Depositary Receipts, U.S. securities representing foreign shares of a foreign company.

The British pound could rapidly slide to $1.10 if the United Kingdom crashes out of the European Union without a Brexit withdrawal arrangement, BNY Mellon's chief currencies strategist said on Tuesday.

Bank of New York Mellon Corp on Wednesday named Avi Shua as technology lead for wealth management, effective immediately.

KPMG and one of its partners have admitted to serious failings in compliance reports for Bank of New York Mellon <BK.N>, Britain's accountancy watchdog said, potentially leading to heavy fines as the auditor comes under unprecedented scrutiny.

Custodian bank Bank of New York Mellon Corp on Monday named Frank Anduiza head of business development at its hedge fund business.

Bank of New York Mellon Corp's <BK.N> second-quarter outflows more than doubled, as the world's largest custodian bank said it lost two clients and warned that the departures would impact results in the next few quarters.

Bank of New York Mellon Corp reported a 14 percent rise in second-quarter profit on Thursday, helped by higher fee revenue and lower income tax provision.

The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email moves@thomsonreuters.com.