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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....
...The New York-based company estimated it earned net income of about $2.7bn in the quarter, giving it a net profit margin of more than 60 per cent....
...New York Community Bancorp and its chief risk officer parted ways shortly before the regional US lender reported larger than expected losses from real estate lending that hammered the bank’s stock....
...fairness of the proceeding is of paramount public importance,” the US Trustee wrote....
...BNY Mellon has been hit by more than $900mn in investment markdowns, litigation and costs related to a Federal Deposit Insurance Corporation assessment, as the last vapours of last year’s banking crisis...
...S&C lawyers had assisted the company in the chaotic days leading up to its bankruptcy filing — including preparing its petition and appointing Ray, a restructuring expert its lawyers knew well, as its new...
...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....
...Alumni pressure helped trigger a shake-up leading to the resignation of Scott Bok as chair of the board of trustees, and the departure of Liz Magill as president after she struggled at a congressional hearing...
...to act as a trustee in place of the deceased trustee....
...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”....
...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....
...The moves came amid a week of heightened geopolitical conflict, with tensions between Israel and Iran rising, as well as messaging from Federal Reserve officials that the US central bank may not yet be ready...
...Concerns about the fate of NYCB have not caused a broader panic about the health of regional banks in general, though many of the stocks of those lenders were down as well on Wednesday....
...Ignites Europe reported last year that State Street’s dominance in servicing Europe’s ETF market could be a problem for the sector, as the bank acts as custodian for more than two-thirds of European ETF...
...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....
...Shares in NYCB were down about 2 per cent by Wednesday lunchtime in New York....
...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...
...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 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....
...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...
...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 26 per cent in February, and dropped another 19 per cent in after-hours trading after it disclosed the moves late on Thursday....
...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....
...In response, VTB last week filed a lawsuit against the New York-based group to get Russian authorities to freeze the equivalent amount in Russia, warning that JPMorgan was seeking to leave Russia and would...
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