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.
BNY Mellon Shareowner Services today announced the launch of its Mobile Proxy Voting service, which allows client companies to extend electronic proxy voting to smartphones, tablets, and other Web-connected mobile devices.
Chris Mager, director of Market Segment Management for BNY Mellon talks about advanced technology to support key treasury functions at Sibos 2011.
Financial stability within the EU is at risk unless decisive and swift action is implemented by all authorities, according to a warning issued by the European Systemic Risk Board (ESRB), the EU's super-watchdog.
Leading banks have expressed their disappointment at yesterday's news that Target 2 Securities (T2S), the European Central Bank's plan to streamline Europe's securities settlement structure, has been delayed yet again.
Pershing Limited, a BNY Mellon Company, today announced its plans to launch a custodial platform this October which will target independent financial advisers and financial planning businesses.
BNY Mellon Clearing, LLC announced today that it has joined CME Group as a clearing member firm in order to clear over-the-counter interest rate swaps on behalf of its institutional clients.
BNY Mellon is to slash three per cent of its global workforce and institute an immediate freeze on new hires and outside contractors as it bids to reduce expenditure during hazardous economic conditions.
BNY Mellon, the global leader in investment management and investment services, has expanded its Treasury Services group's extensive electronic billing and payment processing capabilities to include notifications via SMS text messaging.
© Finextra Research 2014