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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....
...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....
...In a wide-ranging interview on Tuesday at the Economic Club of New York, Dimon said the state of the US economy was “unbelievable” and had been “booming for a while”....
...Michael S NorwichNew York, NY, US...
...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...
...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....
...Instead, he had to settle for the moral support of Andrew Giuliani, the son of the former New York City mayor and his erstwhile lawyer Rudy....
...Canada’s central bank governor signalled an interest rate cut at its next meeting in June was “within the realm of possibilities”....
...“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...
...New York Fed president John Williams at a conference on Thursday said he did not feel any “urgency” to cut interest rates because of current levels of inflation....
...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....
...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...
...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....
...Goldman Sachs has agreed a deal to move its automated investing unit, Marcus Invest, to US “robo-advisor” Betterment, as part of the Wall Street bank’s efforts to pare back a strategy to cater to mass market...
...New York Community Bancorp’s core deposits shrunk by about $8bn, or nearly 40 per cent of its total uninsured deposits, in February and early March, the lender said on Thursday....
...Both were seeking to impose additional regulatory scrutiny whenever investors hold more than 10 per cent of a bank’s shares....
...Canada’s central bank is waiting for evidence of a sustained slowing of inflation, as it held interest rates steady at a 23-year high and upgraded its economic growth outlook for 2024....
...Shares of the New York bank fell by 26 per cent in February, and dropped another 19 per cent in after-hours trading after it disclosed the moves late on Thursday....
...Additional reporting by Joshua Chaffin in New York and Claire Jones in Washington...
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