News Topic: BNY Mellon

A shifting C&I landscape, heated competition for deposits and red flags in consumer lending also took center stage in often testy exchanges between bankers and analysts on quarterly earnings calls. ... Read full article

Earnings were bolstered by lower taxes and higher asset-servicing fees, but revenue was flat and analysts raised concerns about a shrinking deposit base. ... Read full article

BNY Mellon snags tech exec from Bank of America as CTO; dissent spreads at CFPB over top aide's writings; Anne Finucane ready to lead BofA's European operations; and more from this week's most-read stories. ... Read full article

The 2018 Most Powerful Women in Banking festivities kicked off Wednesday night with cocktails and conversation at the Alley Cat Amateur Theater in New York's Financial District. ... Read full article

Sabet Elias has been named the trust bank's chief technology officer and will report to another BofA alum, Bridget Engle. ... Read full article

BNY Mellon, JPMorgan and Bank of America are recruiting interns from Year Up, many of whom lack college degrees but are trained in high-demand fields such as cybersecurity and anti-money-laundering. ... Read full article

They are disinclined to talk about it much yet, but the big three trust banks as well as JPMorgan and Goldman are said to be mulling custody services that would help shield wealthy bitcoin investors from theft. Here are the selling points and the risks. ... Read full article

Kathy Kraninger emerges “unscathed” in testy Senate confirmation hearing; the bank is reportedly refunding money it charged customers for add-on services. ... Read full article

Assets under custody and administration surged to a record high of $33.6 trillion, the trust bank said in its second-quarter report. ... Read full article

Artificial intelligence is not always the right answer to data problems, executives of the two firms said at the In|Vest conference. ... Read full article

The bank's head of investment management said Wednesday that his unit has eliminated dozens of high-cost funds over the last two years and replaced them with more passive investment vehicles. ... Read full article

Several dozen banks have been accused of operating websites that violate the Americans with Disabilities Act. Here’s why trial lawyers are targeting them and are expected to sue more. ... Read full article

The custody bank benefited from a wide range of economic forces in the first quarter ... Read full article

Federal Reserve warns that nonbank lenders pose risks to the financial system; Swift says the technology needs more work. ... Read full article

Sen. Durbin wants the bank to ease its college marketing efforts; the Consumer Bankers Association wants the government to make more room for private lenders. ... Read full article

The banks behind the Zelle network had more in mind than P-to-P payments between consumers, and BNY Mellon is beginning the network's evolution by targeting business payments market. ... Read full article

Bank stocks recovered some of their lost value on Tuesday on extremely high levels of trading volume. The lone exception: Wells Fargo. ... Read full article

SEC, CFTC heads say cyber markets “show little or no regard” for regulation; Dimon and Blankfein say president’s policies help the economy and their businesses. ... Read full article