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...Mellon acquired three-quarters of the London-based boutique asset manager in 1996 before purchasing the remaining chunk of the business in 2002....
...Additional reporting by Joshua Franklin and Jennifer Hughes in New York...
...Earnings per share in BNY Mellon dropped 47 per cent in the final quarter of 2023 from a year earlier, but were up 38 per cent annually....
...Shares of New York Community Bancorp plunged on Wednesday after the lender that bought failed Signature Bank in the middle of last year’s regional banking turmoil cut its dividend to boost its capital and...
...Shares of New York Community Bank plunged 40 per cent on Wednesday after a report that the bank was seeking to raise money to shore up its finances through a stock sale....
...Bank of America’s profits fell 18 per cent in the first quarter, dragged down by a jump in potential loan losses and additional expenses tied to last year’s regional banking crisis....
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...unemployment figures US: IMF releases its World Economic Outlook along with Chapter 1 of its global financial stability report Results: Bank of America Q1, Bank of New York Mellon, Q1, Johnson & Johnson...
...Shohei Ohtani’s former interpreter was charged with fraud by the US justice department and accused of wiring more than $16mn from the Los Angeles Dodgers baseball star’s bank account to pay off gambling...
...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
...New York Community Banck is set to raise more than $1bn in a deal led by the investment firm of former Treasury decretary Steven Mnuchin aimed at shoring up its finances after more than a month of turmoil...
...A top US bank regulator is proposing new limits on big bank mergers, in the wake of the failure of Silicon Valley Bank and two other banks last year, and the recent market turmoil around New York Community...
...The largest US bank by assets reported first-quarter net income of $13.4bn, up from $12.6bn a year earlier and more than analysts had expected....
...“The end state of this project, after the transitions of assets in the coming months, will lead to broadly a 50-50 asset split for depositary and administration between State Street and BNY Mellon based...
...Email alphaville@ft.com with the subject line PQNYC2024, CCing up to five prospective team members for a maximum team size of six. Give the mobile number of the team captain and your team’s name....
...Canada’s federal government wants its largest pension funds to invest more in domestic companies, and is hiring the former governor of the central bank to entice them....
...Stephen Poloz, who led the Bank of Canada from 2013 to 2020, has been given the task of convincing Canada’s pension funds, which manage more than C$4tn (US$2.9tn), to allocate more capital at home....
...Profits at US bank Wells Fargo fell in the first quarter, in a sign that the benefits of high interest rates are waning for the big lenders....
...Bank of New York Mellon beat analysts' expectations for profit and revenue in the second quarter on the back of strong but declining net interest income, reinforcing concerns that lenders are starting to...
...Canada’s central bank governor signalled an interest rate cut at its next meeting in June was “within the realm of possibilities”....
...Fed Beige Book: The Federal Reserve will release its report on the current economic conditions of its 12 central bank districts....
...Shares in New York Community Bank, which last year bought the failed Signature Bank in a government-assisted deal, plunged as much as 45 per cent on Wednesday morning, after it reported a surprise fourth-quarter...
...Shares in NYCB were down about 2 per cent by Wednesday lunchtime in New York....
...invasion of Ukraine and central banks lifting interest rates....
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