Morning Scan: BNY Mellon Gives In to Activist; Credit Suisse Apprais...

Receiving Wide Coverage ... BNY Mellon Yields to Trian: If Bank of New York Mellon, which has been around for more than two centuries and safeguards more than $28 trillion in assets, can't stare down an activist investor, who can? The trustee bank BNY Mellon has decided to avoid a proxy fight with activist investor Trian Partners and give the firm a seat on its board. The decision means BNY Mellon won't get bogged down inÂ...