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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....
...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...
...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....
...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....
...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....
...Shares of New York Community Bancorp plunged about 25 per cent in pre-market trading on Friday, after the lender disclosed it had replaced its chief executive and identified “material weaknesses” in internal...
...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”....
...New York Community Bancorp shares shed a quarter of their value on Friday after the regional lender disclosed it had replaced its chief executive and identified “material weaknesses” in internal controls...
...New York Community Bank will raise more than $1bn in a deal led by the investment firm of former US Treasury secretary Steven Mnuchin, in an effort to shore up its finances and calm fears after weeks of...
...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....
...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....
...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....
...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...
...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...
...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...
...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...
...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 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...
...“To be continued,” chair Gruenberg said as he closed the public session of its meeting. Industry groups contend there is no need to change the current system....
...when — against the advice of the executive committee of the university senate — Shafik requested that New York police enter the main campus last 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....
...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....
...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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