BNY Mellon

Why BNY Mellon, Fidelity use AI sparingly

07/10/18

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

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BNY Mellon ditches many actively managed funds in favor of ETFs

06/13/18

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.

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Banks are sitting ducks for ADA lawsuits

05/21/18

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.

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Fee revenue rises 8% at Bank of New York Mellon

04/19/18

The custody bank benefited from a wide range of economic forces in the first quarter

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Trouble in mortgage land; blockchain not ready for prime time

03/09/18

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

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Wells asked to stay off campus; banks want bigger student loan share

03/08/18

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.

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Zelle's next phase takes shape at BNY Mellon

02/07/18

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.

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Bank stocks rebound after Monday's wild ride

02/06/18

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

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Cryptocurrencies concern regulators; banks applaud Trump

01/25/18

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.

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BNY Mellon's 4Q assist from tax law: $427 million

01/18/18

BNY Mellon plowed some of its tax law savings into restructuring efforts.

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