BNY Mellon Boosts Q2 Earnings on Lower Clearing Income
The Bank of New York Mellon reported on July 20, quarterly income from continuing operations of $668 million, or $0.55 per share, compared with $267 million, or $0.23 per share, in the second quarter of 2009.
BNY Mellon Boosts Earnings on Lower Clearing Income
Revenue from clearing services to broker-dealers and RIAs was $369 million in the most-recent period, down 8% from last year but up 1% from the first quarter.
A Tale of Origins
When Alexander Hamilton and Aaron Burr dueled at dawn on July 11, 1804, the fight was not just between a former Treasury secretary and a...
BNY Mellon's Profit and AUM Jump in Q1
The Bank of New York Mellon (BNY Mellon) on Tuesday, April 20, said profit in the first quarter soared 74%, as its asset and wealth management businesses benefited from a resurgent market.
Pershing Expands RIA Manager Menu
Pershing Managed Account Solutions unit adds new account managers for advisors and streamlines tools for advisors in transition.
Bank of New York Mellon to Act as TARP Custodian
The Bank of New York Mellon has been chosen by the Treasury Department as the custodian to implement the Troubled Asset Relief Program (TARP)--or the $700 billion bailout fund.
Clearers on the March
Bear Stearns' sudden collapse last March indeed shook Wall Street and sent shock waves throughout every financial market around the globe. But at least one behind-the-scenes...
RIAs get new trust company and service options.
Trust Network Offers Custody and Services Pershing LLC, a subsidiary of The Bank of New York Mellon Corp., has announced the launch of Trust Network, a...
Pershing Adds to FundVest Platform
Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, has added American Funds, JennisonDryden, OppenheimerFunds and Van Eck Global to FundVest--Pershing's no-transaction-fee...
Over the past five years, the focus has shifted for the independent advice community, a shift that has been reflected in the IA 25, our...