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.
The Bank of New York Mellon Corporation reports news as BNY, a global financial services platforms company serving capital markets through custody, administration, investment services and asset management. Company updates commonly cover quarterly results, financial supplements, common and preferred stock dividends, and corporate-brand or listed-security matters tied to its NYSE-traded securities.
BNY-related news also includes activity across its investment management platform, including fund adviser communications and dividend announcements for BNY Mellon-branded investment products. These updates reflect the company's role in servicing financial assets, supporting institutional clients and managing investment strategies across major asset classes.
BNY Mellon will announce its first quarter 2021 financial results on April 16, 2021, with materials available on its website starting at 6:30 a.m. ET. A conference call and audio webcast will follow at 8 a.m. ET, featuring forward-looking statements and material information. Replays will be accessible from 2 p.m. ET on the same day until May 16, 2021. BNY Mellon, a global investments company, manages $41.1 trillion in assets under custody and $2.2 trillion in assets under management.
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BNY Mellon Wealth Management has appointed Carolina Montiel as Regional Director and Team Leader in Atlanta, GA. Montiel, who has nearly 30 years of investment experience, will oversee client services and the implementation of tailored wealth management solutions in the region. Carolina, previously a Managing Director at BNY Mellon, has extensive experience with EFG Capital and HSBC. BNY Mellon manages $286 billion in total client assets and is focused on enhancing its Active Wealth management approach to meet client needs.
BNY Mellon Wealth Management has appointed John Ippolito as the new Regional President for the Tri-State region, overseeing operations in New York, New Jersey, and Connecticut. With 26 years of experience at Northern Trust, including leading a team in New York, Ippolito is expected to bring valuable expertise to the leadership team.
CEO Catherine Keating expressed enthusiasm for Ippolito's leadership amid the firm's long-standing history in the region, which includes $286 billion in total client assets.
BNY Mellon announced the redemption of its 2.050% Senior Notes due May 3, 2021, totaling $1,250,000,000. The redemption date is set for April 3, 2021, with the redemption price equal to 100% of the principal plus accrued interest. Payments will be processed on April 5, 2021. Following the redemption, the notes will no longer be outstanding, and interest will cease to accrue. As of December 31, 2020, BNY Mellon managed $41.1 trillion in assets under custody and $2.2 trillion in assets under management.
BNY Mellon announced a partnership with the World Economic Forum aimed at enhancing the global financial system's resilience and inclusivity. This collaboration is crucial as industry leaders respond to complexities intensified by the COVID-19 pandemic. Akash Shah, BNY Mellon's Head of Strategy, emphasized the need for change to achieve a more equitable future. The initiative aligns with a growing trend towards stakeholder capitalism, which encourages public-private alliances to address pressing global financial issues. As of December 31, 2020, BNY Mellon managed $41.1 trillion in assets under custody.
The AFL-CIO has partnered with Wilmington Trust, BNY Mellon, and PGIM Fixed Income to introduce 12 target date collective investment trust (CIT) funds. This initiative aims to enhance retirement planning options for its 56 unions and 12.5 million members. The funds feature a low-cost structure with a flat fee of 12 basis points, ensuring accessibility and retirement security for workers. Wilmington Trust will act as trustee, while BNY Mellon will manage glidepath services, and PGIM Fixed Income will handle fixed income management.
The Bank of New York Mellon Corporation (NYSE: BK) announced the redemption of its 2.500% Senior Notes, with a total principal amount of $1 billion, due April 15, 2021. The redemption is set for March 15, 2021, at which point the Notes will no longer earn interest. Investors will receive the principal amount plus any accrued interest. As of December 31, 2020, BNY Mellon managed $2.2 trillion in assets and held $41.1 trillion in assets under custody and/or administration.
BNY Mellon executives, Emily Portney and Robin Vince, will present at the RBC Global Financial Institutions Conference on March 10, 2021, at 11:20 a.m. ET. The session may include forward-looking statements and significant material information. A live webcast will be accessible through the BNY Mellon website, with an archived version available for viewing until April 10, 2021. As of December 31, 2020, BNY Mellon managed $41.1 trillion in assets under custody and $2.2 trillion in assets under management.
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