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 Wealth Management has appointed Kent Moegerle as Southeast Regional President as of July 20, 2020. He will manage strategy, business development, and marketing across key markets, including Atlanta and Miami. Moegerle previously held roles at BNY Mellon and SunTrust, focusing on revenue growth and strategic initiatives. BNY Mellon oversees $254 billion in client assets, emphasizing financial success through its Active Wealth approach. This appointment aims to enhance the company's position in the competitive wealth management landscape.
BNY Mellon's Pershing has appointed Emily Schlosser as its new Chief Operating Officer, effective July 20, 2020. Joining from Goldman Sachs, she led transformative initiatives in client experience and revenue generation. Previously, as COO at E*TRADE, she oversaw significant revenue growth. CEO Jim Crowley expressed confidence in her leadership to enhance client services and operational functions at Pershing. BNY Mellon oversees $37.3 trillion in assets, emphasizing its strong market position.
The Bank of New York Mellon (NYSE: BK) has announced its Board of Directors approved a quarterly common stock dividend of $0.31 per share, payable on August 7, 2020, to shareholders on record by July 27, 2020. Additionally, dividends for preferred stock include: $1,011.11 for Series A, $1,300.00 for Series C, $962.65 for Series E, $2,312.50 for Series F, and $1,579.72 for Series G, payable on September 21, 2020, to holders recorded by September 5, 2020.
BNY Mellon and Deutsche Bank have launched a new API-enabled foreign-exchange solution aimed at enhancing confirmation times for restricted emerging-market currency trades. The solution, currently operational in Korea with plans for other currencies like the Indonesian Rupiah and Indian Rupee, reduces the pre-trade lifecycle from hours to seconds. This innovation is expected to lessen operational burdens and improve workflow transparency. Both banks emphasize their commitment to providing faster and more efficient services to clients in the evolving FX market.
BNY Mellon announced the retirement of Mitchell Harris, CEO of BNY Mellon Investment Management, effective October 1, 2020. Hanneke Smits has been appointed as his successor, while Catherine Keating will continue as CEO of BNY Mellon Wealth Management. The changes aim to drive performance and innovation in investment strategies amidst evolving market conditions. BNY Mellon has approximately $1.8 trillion in assets under management as of March 31, 2020. Smits' appointment is expected to leverage her experience in enhancing business momentum and client-centric culture.
BNY Mellon announced that its Stress Capital Buffer (SCB) requirement will be 2.5%, effective October 1, 2020, the minimum regulatory level. The Federal Reserve's 2020 Dodd-Frank Act Stress Test results showcase BNY Mellon's strong capital position, with the lowest peak-to-trough reduction in CET1 capital compared to peers. The company plans to maintain its quarterly cash dividend of $0.31 per share, subject to board approval, and will not repurchase common stock in Q3 2020. The company emphasizes its commitment to balance sheet strength and operational resiliency.
BNY Mellon Investment Management has partnered with Wilshire Associates to launch the Custom Target Date Builder, an innovative platform designed for advisors. This platform allows Retirement Plan Advisors to create custom target date solutions with access to institutional-quality research and glide path management, previously limited to larger plans. The new platform enhances customization, scalability, and fiduciary risk management. Target date funds are gaining traction as default 401(k) options, providing advisors a competitive edge in delivering tailored investment solutions.