Welcome to our dedicated page for Bank New York Mellon news (Ticker: BK), a resource for investors and traders seeking the latest updates and insights on Bank New York Mellon stock.
BNY Mellon Corporation (BK) is a global leader in investment services and asset management, providing critical financial infrastructure to institutions and individual investors worldwide. This dedicated news hub offers comprehensive coverage of the company's official announcements and market developments.
Access real-time updates on earnings reports, strategic partnerships, regulatory filings, and technology initiatives that shape BNY Mellon's position in custody banking and wealth management. Our curated feed ensures investors and analysts can efficiently track:
• Quarterly financial results and SEC filings
• Leadership appointments and governance updates
• Technology investments in digital asset solutions
• Global expansion initiatives and client acquisitions
Bookmark this page for direct access to primary source materials and analysis-free reporting on BNY Mellon's operational developments. Stay informed about the institution's evolving role in global financial markets through verified press releases and official corporate communications.
BNY Mellon Wealth Management has appointed Vincent Hayes as Head of the Global Family Office segment, effective immediately. He joins from the Family Office Exchange and brings over 20 years of financial services experience. Hayes will report to Catherine Keating, CEO of Wealth Management. This strategic move aims to enhance service to family offices, a key client segment for BNY Mellon, which manages approximately $265 billion in client assets. Hayes' background in commodities and family office advisory is expected to bring valuable insights to BNY Mellon.
BNY Mellon, represented by CEO Todd Gibbons and CFO Emily Portney, will participate in the Goldman Sachs 2020 US Financial Services Conference on December 9, 2020, at 8:40 a.m. ET. The discussion may feature forward-looking statements and significant insights regarding the company's operations.
A live audio webcast will be accessible via the BNY Mellon website, with an archival recording available from 5 p.m. ET on December 9 until January 8, 2021. As of September 30, 2020, BNY Mellon managed $2.0 trillion in assets.
BNY Mellon Wealth Management has appointed Dawn Guffey as Senior Director in Naples, responsible for managing portfolios and offering strategic advice to ultra-high-net-worth families. With a career spanning over 36 years at BNY Mellon, Guffey's experience includes roles as Chief Investment Officer and risk officer. Her extensive investment credentials are expected to enhance the Naples office's performance. BNY Mellon manages $265 billion in client assets and provides comprehensive wealth management services to individuals and families.
On November 18, 2020, Dreyfus Cash Investment Strategies (a BNY Mellon firm managing $254bn) announced an optimization of its money market fund range. Changes include a streamlined offering of 19 funds across three families, a uniform pricing structure, and reduced management fees in select funds. Additional enhancements include lower investment minimums and technology upgrades for trading platforms. These actions reflect Dreyfus CIS's commitment to adapt to client needs while maintaining a strong financial stewardship record.
BNY Mellon Wealth Management has appointed Adam Innerst as the new Market President for Houston, TX. He will oversee client strategists, wealth managers, and support staff, and report to Todd Carlton, Regional President. Innerst previously held senior roles at Bank of America Private Bank, Northern Trust, and J.P. Morgan, and is a licensed attorney and accountant. BNY Mellon Wealth Management manages $265 billion in client assets as of Sept. 30, 2020, and aims for strategic growth and enhanced financial services delivery through Innerst's leadership.
BNY Mellon has launched MarginConnect, a new margin messaging capability designed for buy-side investment managers. This platform enables them to control the collateralization of non-cleared derivatives without relying on the costly SWIFT network. By integrating with AcadiaSoft, users can send direct collateral instructions effortlessly, streamlining operations and reducing operational risks. As of September 30, 2020, BNY Mellon managed $38.6 trillion in assets, emphasizing its significant presence in the financial services sector.
BNY Mellon will report its fourth quarter 2020 financial results on January 20, 2021. Results will be available on the company's website by 6:30 a.m. ET and a conference call will follow at 8 a.m. ET. The call will feature forward-looking statements and other material information. Investors can access the call by phone or through a live webcast. Replays will be available from January 20, 2021, at 2 p.m. ET until February 19, 2021. BNY Mellon manages approximately $2.0 trillion in assets.
On November 4, 2020, BNY Mellon (NYSE: BK) announced the redemption of all outstanding shares of its Series C Noncumulative Perpetual Preferred Stock and corresponding Depositary Shares. This includes 5,825 shares of Series C Preferred Stock and 23,300,000 Depositary Shares, with a redemption date set for December 20, 2020, and payment to be made on December 21, 2020. The redemption price is $25 per Depositary Share, amounting to $100,000 per share of Series C Preferred Stock. Post-redemption, dividends on these shares will cease to accumulate.
BNY Mellon (NYSE: BK) announced the pricing of a public offering for 582,500 depositary shares, each representing a 1/100th interest in its Series H Noncumulative Perpetual Preferred Stock, totaling $582.5 million. The shares are priced at $1,000 each, with a 3.700% annual dividend rate until March 20, 2026. Proceeds will be used to redeem Series C Preferred Stock. The offering is set to close on November 3, 2020.
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