Hints and tips:
...At the moment, Social Finance’s chief executive Tracy Palandjian told me, the cash in DAFs is commonly invested in money market funds or index trackers....
...Mr Gibbons said he was hopeful that the €1.1tn of asset purchases announced by the ECB on Thursday would encourage the kind of investor activity that would boost the bank’s profits....
...When asked whether the ECB’s negative rates seemed to be working in terms of forcing investors out of safe deposits and into riskier investments, Todd Gibbons, BNY Mellon’s chief financial officer, said...
...“We found out that it probably makes sense for us to hold the business and benefit from the upside of that business,” Todd Gibbons, chief financial officer, said in an interview....
...“If the eurozone were to go to negative rates that would actually present the opportunity for us to charge for deposits and we are giving that very serious consideration,” Todd Gibbons, BNY Mellon’s chief...
...the world’s biggest custody bank comes after Mario Draghi, president of the ECB, said last week that the region could require “further monetary stimulus” to offset a strengthening euro, reports the FT’s Tracy...
...“There’s no question that it’s competitive and it’s competitive for obvious reasons,” Todd Gibbons, chief financial officer, said in an interview....
...Mr Gibbons added that his bank had just $60m or so of Treasuries due to mature before the end of the year in its securities portfolio....
...In the famous tome, English scholar Edward Gibbon attributes Rome’s inglorious collapse to the loss of “civic virtue” among its citizens....
...There’s “not a whole lot” that the company can do to expand the margin, Mr Gibbons told analysts....
...“If the rating agencies significantly downgrade other financial institutions, we may see more deposits directed here,” said Thomas Gibbons, vice chairman and chief financial officer....
...Thomas Gibbons, chief financial officer at Bank of New York Mellon, said the company could see an influx of cash following downgrades of competitors....
...- Corporate: Antisoma, Armor, Logica, Caledon Resources, Stanley Gibbons, Catlin....
...- Corporate: BPP, Unilever, Croda International, Punch Taverns, Home Retail, Fenner, Fortune Oil, Stanley Gibbons, ARM Holdings, HMV, Royal Dutch Shell, Novae, Segro, African Copper....
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