Bank of New York Mellon

Established in 2007 from the merger of Mellon Financial Corporation and The Bank of New York Company, Inc., BNY Mellon is a leading investment management and investment services company, uniquely focused to help clients manage and move their financial assets and succeed in the rapidly changing global marketplace.

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LATEST

BNY Mellon board member praises progress

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BNY Mellon's activist board member on Tuesday praised the bank's financial progress and the leadership of Chief Executive Gerald Hassell, even as the company's stock is down about 12% over the past year and lagging the benchmark S&P 500 Index.

BNY Mellon appoints new head of EMEA markets business

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BNY Mellon has appointed Richard Gill as head of its Markets business in Europe, the Middle East and Africa (EMEA). Gill will lead the regional business strategy and have overall responsibility for managing Markets within EMEA. He will report to Michelle Neal, president of BNY Mellon Markets.

BNY Mellon agrees to settle funds glitch probe

Bank of New York Mellon has agreed to pay $3m in settling a state investigation into problems it faced in calculating net asset values on some 1,200 mutual funds last August, Massachusetts' top securities regulator said on Monday.

BNY Mellon faces lawsuit over investor losses

Bank of New York Mellon must face a lawsuit seeking to hold it liable for causing $1.12bn of investor losses by failing to properly monitor five trusts backed by toxic residential mortgages, a Manhattan federal judge ruled.

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Deutsche In The Doghouse, BNY Mellon Can Be Sued

A judge has denied Deutsche Bank's bid to dismiss a lawsuit by the city of Los Angeles accusing it of letting hundreds of foreclosed properties fall into disrepair and illegally evicting low-income tenants, a representative for the city's attorney said on Wednesday.

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BNY Mellon has a new CEO

Bank of New York Mellon has hired former Visa boss Charles Scharf as its new chief executive, replacing Gerald Hassell as he retires later this year.

Ai Artificial Intelligence

Reuters - Bank of NY Mellon uses AI to lower costs

Bank of New York Mellon has developed and deployed automated computer programs, or more than 220 "bots", across its businesses over the past 15 months seeking more efficiency and lower costs, as the adoption of artificial intelligence technology in banking increases.

Bank of NY Mellon hiring in Europe

Bank of New York Mellon, which oversees about $30.6 trillion in assets, is hiring in Europe as it bulks up its exchange-traded funds business to tap into increasing investor demand for cheaper passive products.