Penson Worldwide, Inc. (NASDAQ: PNSN) and BNY Mellon Company (NYSE: BK) announced today that they have signed a definitive agreement for the acquisition of Penson's Australian subsidiary, Penson Financial Services Australia Pty Ltd (PFSA) in a share purchase transaction for the purchase price of approximately AUD $33 million. PFSA will become an affiliate of Pershing, a BNY Mellon company.
Jefferies Group, Inc. today announced that Jefferies Bache was selected by BNY Mellon Clearing, LLC to provide clearing services and support for its futures commission merchant offering.
BNP Paribas Corporate and Investment Bank and BNY Mellon today announced an agreement that will enable BNP Paribas to expand its suite of global Cash Management solutions to include U.S. Cash Management services.
Computershare Limited (asx:CPU), a leading financial services provider for the global securities industry, announced today that early termination has been granted under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, for the proposed acquisition by Computershare of the Shareowner Services business of The Bank of New York Mellon Corporation. The parties are now free to close the acquisition.
BNY Mellon, the global leader in investment management and investment services, today announced the launch of TreasuryEdge(SM) Mobile, designed to assist clients with managing their electronic banking transactions and related information reporting from an iPad®.
BNY Mellon, the global leader in investment management and investment services, has introduced a number of enhancements to its Performance & Risk Analytics reporting that offer dynamic, new interactive capability enabling clients to customize, drill-down, and gain greater insight into their portfolio returns.
BNY Mellon Asset Servicing, the global leader in investment services, has enhanced its Authorized Participant Interface (API) to allow authorized participants (APs) increased trade order flexibility and enhanced reporting tools.
BNY Mellon, the global leader in investment management and investment services, has launched a new data management solution to meet the European insurance industry's Solvency II asset data reporting requirements.
Investors in the U.S. tri-party securities repurchase (repo) market can now use Bloomberg technology to match and confirm repo trades with both clearing banks, Bank of New York Mellon (BNY) and JP Morgan.
In a new opinion piece, BNY Mellon CEO of Alternative and Broker-Dealer Services Brian Ruane argues that recent industry and economic events will see custody banks continue to play a larger role providing services to hedge funds that previously were the sole domain of prime brokers.
© Finextra Research 2015