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Bank of New York Mellon Corp (BK.N)

BK.N on New York Stock Exchange

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14 Dec 2018
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Latest Key Developments (Source: Significant Developments)

BNY Mellon Announces $830 Mln Increase To Common Stock Share Repurchase Program
Monday, 10 Dec 2018 04:06pm EST 

Dec 10 (Reuters) - Bank of New York Mellon Corp ::BNY MELLON ANNOUNCES $830 MILLION INCREASE TO COMMON STOCK SHARE REPURCHASE PROGRAM.BANK OF NEW YORK MELLON CORP - REPURCHASES ARE IN ADDITION TO COMPANY'S REPURCHASE OF $2.4 BILLION OF COMMON STOCK PREVIOUSLY ANNOUNCED ON JUNE 28, 2018.  Full Article

Bny Mellon And Bank Of The West Sign Agreement For New Real-Time Payments Solution
Monday, 22 Oct 2018 06:19pm EDT 

Oct 22 (Reuters) - Bank of New York Mellon Corp ::BNY MELLON AND BANK OF THE WEST ANNOUNCE AGREEMENT ON NEW REAL-TIME PAYMENTS SOLUTION AND DISBURSEMENTS WITH ZELLE FOR COMMERCIAL CLIENTS.  Full Article

Bny Mellon Crafts Debt-To-Equity Program For Oi Telecom
Wednesday, 19 Sep 2018 08:00am EDT 

Sept 19 (Reuters) - Bank of New York Mellon Corp ::BNY MELLON CRAFTS INNOVATIVE DEBT-TO-EQUITY PROGRAM FOR OI TELECOM IN LARGEST-EVER LATIN AMERICA DEBT RESTRUCTURING.BNY MELLON- CONVENED JOINT TEAM TO EXECUTE ON PLANNED CONVERSION WITHIN EIGHT MONTHS.BANK OF NEW YORK MELLON - APPOINTMENT AS AGENT FOR CONVERSION OF $20 BILLION OF DEFAULTED DEBT INTO NEW BONDS & EQUITIES VIA ADRS AND WARRANTS FOR OI S.A..  Full Article

BNY Mellon Says It Is Aware Of Conclusions From FRC's Investigation Into KPMG
Wednesday, 19 Sep 2018 02:56am EDT 

Sept 19 (Reuters) - Bank of New York Mellon Corp ::BNY MELLON SAYS AWARE OF CONCLUSIONS FROM FRC'S INVESTIGATION INTO KPMG, SAYS "WE HAVE NO COMMENT TO MAKE".  Full Article

UK's FRC Says KPMG Admits Misconduct On Client Asset Reports For BNY Mellon
Wednesday, 19 Sep 2018 02:13am EDT 

Sept 19 (Reuters) - UK's Financial Reporting Council:UK'S FRC- KPMG ADMIT MISCONDUCT IN CONNECTION WITH CLIENT ASSET REPORTS FOR BNY MELLON ENTITIES.UK'S FRC- KPMG AND RICHARD HINTON HAVE ADMITTED MISCONDUCT UNDER FRC'S ACCOUNTANCY.UK'S FRC- KPMG AND MR HINTON HAVE ADMITTED THAT THEIR CONDUCT FELL SIGNIFICANTLY SHORT OF STANDARDS.UK'S FRC - FORMAL COMPLAINT DELIVERED BY FRC'S EXECUTIVE COUNSEL AGAINST KPMG. DISCIPLINARY TRIBUNAL TO BE CONVENED TO DECIDE SANCTIONS TO BE IMPOSED.  Full Article

KPMG Says Could Not Agree With FRC On Level Of Appropriate Sanctions For BNY Mellon Investigation
Tuesday, 18 Sep 2018 01:26pm EDT 

Sept 19 (Reuters) - KPMG::KPMG SAYS NO CLIENT OF EITHER THE BANK OF NEW YORK MELLON (INTERNATIONAL) LTD OR BNY MELLON LONDON BRANCH SUFFERED ACTUAL FINANCIAL OR OTHER LOSS.KPMG SAYS SEPARATE AUDIT OPINIONS ON THE FINANCIAL STATEMENTS OF BANK OF NEW YORK MELLON CORP HAVE NOT BEEN CALLED INTO QUESTION.KPMG SAYS ACCEPTS AND REGRETS THAT ITS WORK DID NOT FULLY REFLECT ALL ASPECTS OF NEW FRC GUIDANCE.KPMG SAYS COULD NOT AGREE WITH THE FRC ON THE LEVEL OF APPROPRIATE SANCTIONS FOR BANK OF NEW YORK MELLON INVESTIGATION.  Full Article

Roman Regelman Joins BNY Mellon In New Role As Head Of Digital
Wednesday, 5 Sep 2018 04:16pm EDT 

Sept 5 (Reuters) - Bank of New York Mellon Corp ::ROMAN REGELMAN JOINS BNY MELLON IN NEW ROLE AS HEAD OF DIGITAL.BNY MELLON - APPOINTED ROMAN REGELMAN TO A NEW ROLE AS SENIOR EXECUTIVE VICE PRESIDENT AND HEAD OF DIGITAL, EFFECTIVE SEPTEMBER 17, 2018.  Full Article

Bank Of New York Mellon Sees Q1 Operating Net Interest Revenue Up 12 Pct To 14 Pct Vs Q1 2017
Thursday, 8 Mar 2018 07:44am EST 

March 8 (Reuters) - Bank Of New York Mellon Corp ::BANK OF NEW YORK MELLON CORP - SEES Q1 2018 OPERATING NET INTEREST REVENUE UP 12% - 14% VERSUS Q1 2017 - SEC FILING.BANK OF NEW YORK MELLON SEES Q1 INVESTMENT/OTHER INCOME $60 MILLION - $70 MILLION.BANK OF NEW YORK MELLON SEES Q1 2018 OPERATING. EXPENSE TO GROW 4-5 PERCENT VERSUS Q1 2017.BANK OF NEW YORK MELLON CORP - SEES Q1 2018 SECURITIES LOSSES ABOUT $50 MILLION.BANK OF NEW YORK MELLON - 2018 OPERATING RESULTS WILL INCLUDE S300 MILLION RISE IN TECHNOLOGY EXPENSE.BANK OF NEW YORK MELLON - EXPECT CHARGE IN Q4 RELATED TO REAL ESTATE REPOSITIONING.  Full Article

Metlife Says Gerald L. Hassell Named To Board With Immediate Effect
Tuesday, 20 Feb 2018 04:15pm EST 

Feb 20 (Reuters) - Metlife Inc ::METLIFE ANNOUNCES CHANGE TO BOARD OF DIRECTORS.METLIFE INC - GERALD L. HASSELL NAMED TO BOARD WITH IMMEDIATE EFFECT.METLIFE INC - ALFRED KELLY JR WILL NOT SEEK RE-ELECTION.METLIFE INC - HASSELL MOST RECENTLY SERVED AS CHAIRMAN AND CEO OF BANK OF NEW YORK MELLON CORP.METLIFE INC - WITH ADDITION OF HASSELL, METLIFE BOARD IS NOW COMPRISED OF 12 DIRECTORS.  Full Article

Trian Fund Management dissolves share stake in DowDuPont Inc
Wednesday, 14 Feb 2018 08:55pm EST 

Feb 14 (Reuters) - :TRIAN FUND MANAGEMENT DISSOLVES SHARE STAKE IN DOWDUPONT INC - SEC FILING.TRIAN FUND MANAGEMENT CUTS SHARE STAKE IN BANK OF NEW YORK MELLON CORP BY 29.5 PERCENT TO 15.8 MILLION SHARES - SEC FILING.TRIAN FUND MANAGEMENT - CHANGE IN HOLDINGS ARE AS OF DEC 31, 2017 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPT 30, 2017‍​.  Full Article

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Sterling may fall to $1.10 if Britain fails to clinch Brexit deal - BNY Mellon

LONDON 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.