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Bank of New York Mellon Corp. Chief Executive Officer Robin Vince says he expects proposals for stricter capital requirements to evolve over time. He also speaks to Bloomberg's Romaine Bostick about the stability of the financial sector, Federal Reserve monetary policy and the bank's 240 year history.
Goldman Sachs Group Inc. GS, +0.23% is hiring former Wells Fargo & Co. WFC, -0.14% executive Paul Camp as partner and head of transaction banking at the firm, according to an internal memo seen by MarketWatch. Camp most recently worked as head of global Treasury management at Wells Fargo.
Bank of New York Mellon is downgraded to a Buy rating from a prior Strong Buy in August, in line with current consensus from Wall Street. Positive points are +3% dividend yield, dividend income growth, equity and earnings improvement, growth in AUM/AUC and inflows. Headwinds are a share price now 11% above its moving average.
The chief executives of big U.S. banks are arguing that banking regulations aimed at strengthening the country's financial system will instead hurt the economy.
The Bank of New York Mellon Corporation (BK) reported earnings 30 days ago. What's next for the stock?
Many banks have reported significantly larger unrealized securities losses in 3Q as interest rates rose in the quarter. The unrealized losses have grown so large as to be orange flags for a few banks. One of the reasons there could be new increased capital requirements is because of the large unrealized losses across the banking industry.
BNY Mellon is settling trades of Treasury securities manually with the Industrial and Commercial Bank of China after the Chinese bank was hacked, two sources familiar with the matter said on Friday.
For many years through 2022, it was becoming more difficult for active fund managers to make the case for their services, when broad index funds, with lower fees, were performing so well. But the tech-driven market decline for 2022 might have made some investors think again about different investment styles for the long term.
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BNY Mellon has introduced a foreign exchange (FX) platform that lets clients execute transactions across portfolios. Universal FX, announced Wednesday (Oct. 25), follows the bank's earlier debut of its OneFX solutions suite.