Massachusetts Regulator Investigating BNY Mellon Tech Glitch
Galvin is also querying six fund providers about a tech failure that caused delays in the pricing of mutual funds and ETFs for several days.
BNY Mellon Profits Drop, but Pershing Clearing Helps Offset Losses
Pershing's clearing services revenue helped offset the Bank of New York Mellon's Q1 losses stemming from a foreign tax credit fight.
Q2 Earnings: BNY Mellon Profits Rise Nearly 12% as Pershing Revenue Stays Flat
Bank of New York Mellon reported profits of nearly 12% in Q2 2011, but the Pershing RIA custody unit's revenues were flat.