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BNY reshuffles executive team to streamline wealth and markets divisions
Yahoo Finance· 2026-01-28 11:47
Management Realignment - BNY has announced a realignment of its top management to integrate wealth solutions and managed accounts services more closely [1] - Adam Vos will become the global head of Wealth Solutions, while Jim Crowley will serve as executive vice chair [1][2] - Laide Majiyagbe has been appointed global head of Markets and will join the executive committee [1] Leadership Responsibilities - Vos's new role will include oversight of BNY Pershing, the Wove platform, and BNY Archer Managed Account Solutions [2] - Crowley, as executive vice chair, will focus on maintaining and developing client relationships across various service areas [2] - Majiyagbe will oversee execution services, liquidity operations, financing, and global collateral activities for institutional clients [3] Company Performance - As of December 31, 2025, BNY reported $59.3 trillion in assets under custody or administration and $2.2 trillion in assets under management [4] - CEO Robin Vince emphasized the importance of evolving leadership and structure to meet the expanding wealth landscape [3][4]
BNY Names New Pershing Head in Business Restructuring
Yahoo Finance· 2026-01-27 17:59
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. BNY is rearranging its wealth solutions leadership and combining BNY Pershing, the bank’s clearing and custody provider, with BNY Archer Managed Account Solutions. Current BNY Global Head of Markets Adam Vos will take the newly-created role of global head of wealth solutions. According to BNY, Vos will oversee BNY Pershing (including the firm’s Wove platform), as well as Archer Managed Account Sol ...
BNY Aligns Leadership to Accelerate Growth in Wealth Solutions
Prnewswire· 2026-01-27 16:00
Core Insights - BNY is restructuring its executive leadership to enhance its Wealth Solutions business, integrating BNY Pershing and BNY Archer Managed Account Solutions to better serve advisors and institutions [1][2] Leadership Changes - Adam Vos will transition from Global Head of Markets to Global Head of Wealth Solutions, overseeing BNY Pershing and the Wove platform, aiming for improved client service through better coordination [2] - Jim Crowley, previously Global Head of BNY Pershing, will take on the role of Executive Vice Chair, focusing on client relationship expansion across BNY's platforms [3] - Laide Majiyagbe will move from Global Head of Liquidity to Global Head of Markets, joining the Executive Committee and overseeing various institutional client services [4] Company Overview - BNY is a global financial services platform with over 240 years of experience, serving more than 90% of Fortune 100 companies and nearly all top 100 banks globally [5] - As of December 31, 2025, BNY manages $59.3 trillion in assets under custody and/or administration and $2.2 trillion in assets under management [5]
11 Most Profitable Cheap Stocks to Invest In Now
Insider Monkey· 2026-01-27 14:01
On January 26, Yahoo Finance reported that Wall Street strategists are telling investors to focus on earnings growth to drive the stock market higher in 2026. Richard Saperstein, chief investment officer at Treasury Partners, said that “we’ve got an excellent backdrop for earnings growth,” while noting that inflation is easing and the economy continues to add jobs.Analysts expect solid results from the S&P 500 this earnings season. According to Bloomberg data, the S&P 500 is forecasted to post profit growth ...
Over Half of US Banks Set To Offer Bitcoin, New Research Shows — Here’s Who’s Still Out
Yahoo Finance· 2026-01-27 12:12
Core Insights - Nearly 60% of the largest banks in the U.S. are either already offering Bitcoin-related services or expect to do so, indicating a significant trend towards Bitcoin adoption in the banking sector [1][5] Group 1: Current Offerings and Initiatives - Major U.S. banks such as JPMorgan Chase have launched Bitcoin trading services, while Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley provide Bitcoin exposure primarily to high-net-worth clients [2] - U.S. Bank and BNY Mellon are among the first systemically important banks to offer custody services for Bitcoin [3] - PNC Group has launched both Bitcoin custody and trading services, while State Street and HSBC's U.S. operations have announced custody plans [5] Group 2: Exploratory Stages and Recommendations - Some banks, including Citigroup and Fifth Third, are still in the exploratory stages regarding custody and trading offerings [6] - Bank of America has recommended that clients allocate up to 4% of their portfolios to cryptocurrencies, reflecting a shift in stance even among banks without direct Bitcoin products [4][9] - Bank of America also plans to initiate coverage of four U.S.-listed spot Bitcoin exchange-traded funds (ETFs), which provide direct exposure to Bitcoin [10] Group 3: Banks Yet to Enter the Market - Despite the growing momentum, a significant minority of large U.S. banks have not yet announced Bitcoin-related products or plans, with nine banks remaining on the sidelines [7][8][11]
Truist Expects Core Revenue Growth to Drive BNY Mellon (BK) Profitability Despite Expense, Buyback Headwinds
Yahoo Finance· 2026-01-23 03:00
The Bank of New York Mellon Corporation (NYSE:BK) is one of the best large cap value stocks to buy in 2026. On January 14, Truist raised its price target on BNY Mellon to $136 from $134 and maintained a Buy rating after its Q4 2025 earnings results. The firm also raised its 2027 EPS forecast by $0.15 to $9.55, a sentiment driven by a stronger outlook for fees and net interest income. While the firm noted a slight headwind from higher expenses and a slower pace of share buybacks, the overall growth in core ...
港交所消息:纽约梅隆银行公司持有的中国平安保险(集团)股份有限公司H股多头仓位于1月20日从5.75%降至4.27%
Xin Lang Cai Jing· 2026-01-22 12:02
Group 1 - The core point of the article indicates that Bank of New York Mellon Corp has reduced its long position in the H-shares of China Ping An Insurance (Group) Company Limited from 5.75% to 4.27% as of January 20 [1]
纽约梅隆银行首席执行官:动摇美联储根基不利于推动降息。
Sou Hu Cai Jing· 2026-01-21 15:01
Core Viewpoint - The CEO of Bank of New York Mellon stated that undermining the Federal Reserve's foundation is detrimental to the prospects of interest rate cuts [1] Group 1 - The CEO emphasized the importance of maintaining the credibility of the Federal Reserve in order to facilitate effective monetary policy [1] - The statement reflects concerns about the potential impact of political pressures on the Federal Reserve's decision-making process [1] - The CEO's comments suggest that a stable and respected Federal Reserve is crucial for economic stability and investor confidence [1]
纽梅隆:在中国平安的持股比例升至5.75%
Ge Long Hui· 2026-01-21 09:48
Group 1 - The core point of the article is that Bank of New York Mellon has increased its stake in China Ping An's H-shares from 4.30% to 5.75% as of January 19 [1] Group 2 - The increase in ownership indicates a growing confidence from institutional investors in China Ping An [1] - The change in shareholding may reflect broader trends in investment strategies within the financial sector [1] - This adjustment in stake could potentially influence market perceptions and valuations of China Ping An [1]
Canadian Banc Corp. Completes Overnight Offering of $103,200,000
Globenewswire· 2026-01-16 13:27
Group 1 - The Company has completed an overnight offering of Preferred Shares, raising total gross proceeds of $103.2 million [1] - The Preferred Shares will trade on the Toronto Stock Exchange under the symbol BK.PR.A [1] - The offering was led by National Bank Financial Inc. [1] Group 2 - The net proceeds from the offering will be invested in a portfolio primarily consisting of six publicly traded Canadian banks: Bank of Montreal, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Bank of Nova Scotia, National Bank of Canada, and The Toronto-Dominion Bank [2] - The Company's investment objectives for the Preferred Shares include providing holders with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the prevailing Canadian prime rate plus 1.50%, with a minimum annual rate of 5.0% and a maximum annual rate of 8.0% based on the original $10 issue price [3] - On or about the termination date, currently set for December 1, 2028, the Company will pay holders the original $10 issue price of those shares, subject to potential five-year extensions [3]