Custody banks

Northern Trust 3Q profits fall short of expectations

10/17/18

The custody bank’s linked-quarter net income dipped due to a decline in earning assets and lower transaction volumes.

[more]

Banks explore a safe deposit box for cryptocurrencies

08/08/18

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.

[more]

State Street to buy investment management platform for $2.6B

07/20/18

State Street said it would suspend a share repurchase program and issue common and preferred stock to pay for the deal.

[more]

Asset inflows, higher rates push BNY Mellon profit higher

07/19/18

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

[more]

Acquisition of UBS unit, foreign exchange propel Northern Trust

07/18/18

The big custody bank's fees surged on new business gained from its deal for UBS business units in Europe.

[more]

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.

[more]

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

[more]

Northern Trust adds to assets under management and custody, raising 1Q profit

04/17/18

The Chicago custody bank also benefited from a recent acquisition of a UBS business in Europe and the lower federal income tax rate.

[more]

9 controversial provisions in Dodd-Frank reform bill

03/14/18

Though the Senate regulatory relief bill falls well short of a far-reaching House bill, critics argue it could still increase the chance of another bank bailout by the government and weaken consumer protections. Here are the measures causing the most debate.

[more]

Senate races toward final vote on reg relief bill

03/13/18

Lawmakers on Tuesday continued debating a thicket of proposed additions to a crucial regulatory relief bill on their way to a final vote likely to occur as early as midweek.

[more]