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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 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....
...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....
...Remember, the Covid-19 pandemic caused a crisis of almost every other kind, but big US banks didn’t collapse....
...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....
...We’re sitting in a tiny bar in London’s Duke of York’s theatre, amid piles of plush chairs and bottles of water waiting their cue for opening night....
...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”....
...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 sight of a scowling Donald Trump sitting in a New York courtroom, flanked by lawyers, is by now so common that it no longer surprises....
...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...
...Tiff Macklem told reporters during a Wednesday press conference that the Bank of Canada’s inflation indicators are “all moving in the right direction”....
...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....
...“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...
...IMPORTANT UPDATE: The quiz is now SOLD OUT — if you get in touch we will instead add you to a waiting list in case of late drop-outs....
...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...
...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...
...The bank also said it had started a process to bring in new chief risk and audit executives “with large bank experience”....
...at the World Bank and Bank of England who has been at Columbia for less than a year — was far from over....
...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...
...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...
...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....
...Chopra, with the backing of chair Martin Gruenberg, had proposed releasing a rule change for public comment that would have substantially increased the number of banks that would be subjected to FDIC oversight...
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