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...A $111bn investment boutique owned by BNY Mellon is seeking seed capital from investors to enter the multi-manager hedge fund business dominated by the likes of US giants Citadel and Millennium....
...“The cost of that risk management will get embedded in the . . . price at which the market trades and the liquidity of the market,” says BNY Mellon’s Wuerffel....
...While it settled ESG cases against companies and asset managers including Goldman Sachs and BNY Mellon in 2022, none have been filed so far this year....
...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....
...BlackRock has appointed BNY Mellon as an additional custodian for €673bn Dublin-domiciled iShares exchange traded funds, splitting custody for the business between two post-trade service providers....
...Still, BNY’s net interest income, the gap between what it earned from lending and paid out on deposits, was down 2 per cent from the first quarter....
...According to Pridham, the gross sales figures “show that established groups like Schroders, Jupiter, BNY Mellon and JPMorgan are attracting significant new flows”....
...Now people are getting a little tune-up,” says Sharyn Jones, BNY Mellon’s interim co-head of people....
...That has not protected BNY Mellon from being included among financial institutions that have come under attack from “anti-woke” critics....
...Some 44 per cent of asset managers said they expect an uptick in mutual fund-to-ETF conversions over the next year, according to a recent report from BNY Mellon....
...With its systems compromised, ICBC Financial Services proposed sending a USB stick with trading data to BNY Mellon to help it settle trades, according to people familiar with the situation....
...It will be managed by Lunate, with BNY Mellon serving as its global custodian....
...However, proving that older investors have not entirely abandoned safer, income-based investing, two income funds feature in Hargreaves Lansdown’s top 10 ranking: Artemis Income and BNY Mellon Global Income...
...In a recent report, custody bank BNY Mellon said a third of client trades did not yet meet the future criteria. “It’s going to be an absolute mess,” said O’Shea. “Failure rates will go up . . ....
...Mellon Investment Management....
...Bank of America reported a quarter-on-quarter drop in NII on Tuesday, as did PNC, which derives about a third of NII from non-retail clients, and BNY Mellon, which caters to corporates, institutions and...
...Meanwhile, the Macquarie global equities ETF is benchmarked against the MSCI World ex-Australia Index and is managed by Walter Scott & Partners, the UK-based equities fund house owned by BNY Mellon Investment...
...“The first five days of the year are stock almanac legend — how they go, so goes the year,” said Bob Savage, head of markets strategy and insights at BNY Mellon....
...Investors can custody their tokens at places such as Coinbase and Anchorage while BNY Mellon custodies the T-bills....
...When the New York arm of China’s largest bank was hit by a ransomware attack in November, disrupting the $25tn US Treasury bond market, it proposed sending a runner across Manhattan to US bank BNY Mellon...
...“This is the most significant day for the structure of the US Treasury market in decades,” said Nate Wuerffel, head of market structure at BNY Mellon....
...Nate Wuerffel, a former head of domestic markets at the New York Fed and now at BNY Mellon, said sharp upticks in funding costs during earlier episodes of QT in 2019 would push officials to make a decision...
...BlackRock, Citigroup, JPMorgan Chase, Wells Fargo, BNY Mellon and Bank of America will all report fourth-quarter figures on Friday....
...John Velis, foreign exchange and macro strategist at BNY Mellon, which is custodian to $45tn of assets, said overseas holdings of sterling have returned to “close to normal” long-term averages having been...
...BNY Mellon has once again resisted the temptation to work in a Boney M reference. Schroders is banging on about a “3D reset” again....
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