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Bank of New York Mellon Corp (BK)

BK on New York Consolidated

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22 Jan 2018
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Latest Key Developments (Source: Significant Developments)

BNY Mellon Statement On 2017 Title 1 Resolution Plan Feedback
Tuesday, 19 Dec 2017 05:45pm EST 

Dec 19 (Reuters) - Bank Of New York Mellon Corp ::BNY MELLON STATEMENT ON 2017 TITLE 1 RESOLUTION PLAN FEEDBACK.BANK OF NEW YORK MELLON CORP - FDIC AND FEDERAL RESERVE FOUND "NO DEFICIENCIES OR SHORTCOMINGS" IN BNY MELLON'S 2017 PLAN.  Full Article

BNY Mellon Says ITS Treasury Services Business Launches New Tokenized Payments Service
Monday, 11 Dec 2017 08:00am EST 

Dec 11 (Reuters) - Bank Of New York Mellon Corp ::BANK OF NEW YORK MELLON - ITS TREASURY SERVICES BUSINESS HAS LAUNCHED NEW TOKENIZED PAYMENTS SERVICE.  Full Article

Fca Says Alleges That The Four Firms Shared Information Around One Or More Ipos And One Placing
Wednesday, 29 Nov 2017 05:08am EST 

Nov 29 (Reuters) - Bank Of New York Mellon Corp ::UK MARKETS WATCHDOG FCA SAYS HAS ISSUED A STATEMENT OF OBJECTIONS TO FOUR ASSET MANAGEMENT FIRMS, BELIEVES MAY HAVE BROKEN COMPETITION LAW.FCA SAYS FOUR FIRMS ARE ARTEMIS INVESTMENT MANAGEMENT, HARGREAVE HALE, NEWTON INVESTMENT MANAGEMENT, RIVER & MERCANTILE ASSET MANAGEMENT.FCA SAYS ALLEGES THAT THE FOUR FIRMS SHARED INFORMATION AROUND ONE OR MORE IPOS AND ONE PLACING.  Full Article

Trian Fund Management cuts share stake in Bank Of New York Mellon Corp
Tuesday, 14 Nov 2017 05:23pm EST 

Nov 14 (Reuters) - Trian Fund Management::Trian Fund Management cuts share stake in Bank Of New York Mellon Corp to 22.4 million shares from 32.4 million shares - ‍​SEC filing.Trian Fund Management - change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017‍​.  Full Article

Bny Mellon announces organizational changes
Monday, 13 Nov 2017 04:42pm EST 

Nov 13 (Reuters) - Bank Of New York Mellon Corp :Bny Mellon announces organizational changes.‍New organizational structure creates three new business units under its investment services segment​.‍Michael Santomassimo has been appointed chief financial officer, succeeding Thomas​ Gibbons.‍Thomas Gibbons appointed CEO of clearing, markets and client management​.  Full Article

Trian Fund Management's Edward Garden reports sale of about 5.8 mln shares of Bank of New York Mellon's common stock
Tuesday, 24 Oct 2017 06:39pm EDT 

Oct 24 (Reuters) - Bank Of New York Mellon Corp :Trian Fund Management's Edward Garden reports sale of about 5.8 million shares of Bank Of New York Mellon Corp's common stock between Oct 20 and Oct 24 - SEC filing ‍​.  Full Article

Bank Of New York Mellon issues Q4, full-year guidance
Thursday, 19 Oct 2017 09:29am EDT 

Oct 19 (Reuters) - Bank Of New York Mellon Corp :Bank of New York Mellon - ‍"expect performance fees in investment management business in Q4 will be similar to Q4 of 2016" - conf call.Bank of New York Mellon - ‍investment in other income for Q4 & beyond expected to be in $40 million to $60 million range - conf call.Bank of new york mellon - expect total adjusted expenses for full year in line with prior guidance or about 1% higher than last year - conf call.Bank of new york mellon - "expect to generate positive operating leverage for the full year" - conf call.Bank of new york mellon - full year net interest revenue still expected to be at high end of 4% to 6% range given previously - conf call.Bank of new york mellon - "drop in average deposits in q3 attributable to one large client" - conf call.Bank of new york mellon - On blockchain: "we do have a fair amount of work going on inside the company focused on blockchain" - conf call.  Full Article

BNY Mellon reports Q3 earnings per share $0.94
Thursday, 19 Oct 2017 06:30am EDT 

Oct 19 (Reuters) - Bank Of New York Mellon Corp :BNY Mellon reports third quarter earnings of $983 million or $0.94 per common share.Q3 earnings per share $0.94.Q3 earnings per share view $0.92 -- Thomson Reuters I/B/E/S.Bank of New York Mellon Corp - qtrly ‍provision for credit losses was a credit of $6 million​.Bank of New York Mellon Corp qtrly net interest revenue $839‍​ million versus $774 million.Bank of New York Mellon Corp - qtrly ‍total revenue of $4.0 billion, increased 2 pct​.Bank of New York Mellon Corp qtrly total GAAP revenue $‍​4,016 million versus $3,941 million.Bank of New York Mellon Corp - AUM of $1.82 trillion increased 6 pct at quarter-end​.Bank of New York Mellon Corp - qtrly non-GAAP total revenue $4,013‍​ million versus $3,932 million.Bank of New York Mellon Corp - ‍net short-term inflows of $10 billion in 3Q17​.Q3 revenue view $4.00 billion -- Thomson Reuters I/B/E/S.  Full Article

Goldman Sachs redeems outstanding depositary shares
Wednesday, 18 Oct 2017 06:37pm EDT 

Oct 18 (Reuters) - Goldman Sachs Group Inc : :Goldman Sachs announces redemption of all outstanding depositary shares representing interest in its 5.95% non-cumulative preferred stock, Series I.Goldman Sachs-depositary shares will be redeemed for $25 per depositary share plus any dividends that have accrued but not been paid.Goldman Sachs-with redemption of Series I preferred stock, the bank of New York Mellon will redeem depositary shares on the redemption date.  Full Article

BNY Mellon, HSBC partner with bond market services co Algomi
Tuesday, 17 Oct 2017 08:01am EDT 

Oct 17 (Reuters) - Bank Of New York Mellon Corp :Bond market infrastructure provider algomi says bny mellon, hsbc partnering with co to expand corporate bond trading opportunities for custody clients​.  Full Article

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Brazilian prosecutors ask BNY Mellon unit to return $2.5 billion to local fund

(This story corrects seventh paragraph to say 'fiduciary manager', not 'fiduciary administrator', in BNY Mellon statement.)