Bank of New York Mellon Corp (BK.N)
17 Oct 2019
Wed, Oct 16 2019
Oct 16 Bank of New York Mellon Corp reported a better-than-expected quarterly profit on Wednesday, as the world's largest custodian bank cut costs to counter weakness in its investment management business and lower interest rates.
Oct 16 Bank of New York Mellon Corp reported a 7% fall in quarterly profit on Wednesday, as the world's largest custodian bank earned lower fees and took a hit from a drop in interest rates.
After a difficult, months-long search for a new chief executive, scandal-plagued Wells Fargo & Co named as its next leader Charles Scharf, a one-time Jamie Dimon protégé known on Wall Street as a detail-oriented number cruncher who excels in streamlining operations. Scharf, 54, who joins the fourth-largest U.S. bank next month, has been the CEO of Bank of New York Mellon and Visa Inc .
REFILE-BRIEF-Bank Of New York Mellon Lost VanEck Associates As Client Of Its Servicing Business For Exchange-Traded Funds To State Street Corp - WSJ
* BANK OF NEW YORK MELLON CORP LOST VANECK ASSOCIATES AS A CLIENT OF ITS SERVICING BUSINESS FOR EXCHANGE-TRADED FUNDS TO RIVAL STATE STREET CORP - WSJ Source text : https://on.wsj.com/2HmPyPM Further company coverage: