Displaying 44 results
BNY Mellon, Wall Street firms find the lure of crypto too strong to resist
Despite all that’s gone wrong in the industry, the world’s largest custodian bank and other financial giants are hoping to expand in crypto.
BNY Mellon to cut about 3% of staff
The bank says costs will be a top priority this year; it also says it's still committed to its digital assets strategy despite the turmoil in crypto markets.
LPL shares remain analyst’s top pick in 2023
The share price of LPL Financial Holdings Inc. increased 27% over the past year, even as the S&P 500 index fell 19.4%.
Group of veteran-owned firms participating in BNY deal
The eight broker-dealers are participating in the firm's offering of $750 million in senior bank notes.
To honor Black adviser pioneers, keep growing their ranks
Let’s honor Thorvald McGregor, Lilla St. John and other Black pioneers by encouraging and supporting their contemporary counterparts.
BNY Mellon sees potential for digital asset revenue in 2023
Firm is waiting for clarity on ETF rules, CFO Portney says.
Debut ETF issuers hit record this year
New rules that made launches easier and the SEC's approval of nontransparent funds have inspired 14 new firms to enter the market this year
ETF price war sees BNY Mellon launch first no-fee bond fund
The asset manager is also coming out with a zero-fee large cap equity fund
Schwab’s next target? Financial advisers
Custodians are increasingly under pressure, and some are responding by making a push into the advisory business.
Wells Fargo lures new CEO by boosting pay 40%
Scharf's annual target compensation was set at $23 million, up from his $16.5 million target pay in his final full year at BNY Mellon.
BMO hires industry veteran to run family office
Shannon Kennedy from Bank of New York Mellon Corp. will lead a team of more than 200 people.
Banks continue to unload munis in third quarter
Last year's tax overhaul made state and local government debt less attractive to financial institutions.
Catherine M. Keating appointed CEO by BNY Mellon Wealth Management
She joins the firm after serving as CEO at Commonfund for three years.
After record year, Pershing Advisor Solutions expects to add up to $15B in new assets in 2016
The custodian attracted RIAs with $19 billion in AUM in 2015, its best year ever.
Pershing moves COO Lisa Dolly into CEO role, as Ron DeCicco retires
Lisa Dolly replaces Ron DeCicco, who is retiring following a 45-year career with the firm.
Pershing names Hardwick COO as Dolly steps into CEO role
Lori Hardwick is joining from Envestnet and will start at the end of the month.
Massachusetts’ Galvin investigates fund pricing glitches
Massachusetts' top securities cop is investigating the failure of an accounting platform he said delayed correct pricing for billions of dollars in mutual funds and ETFs.
RIAs join brokers in promoting securities-backed lending
The practice is growing quickly even beyond wirehouses, but some are concerned about the risks and conflicts of interest.
Pershing CEO: RIA growth outpacing B-Ds
Ron DeCicco expects the RIA channel to continue growing while regulatory pressures and higher expenses weigh down broker-dealers.
Global markets riding high on the ‘Yellen effect’
Did Janet Yellen affect global markets? Better believe it. Also, four U.S. banks get cut by Moody's, some big names load up on gold and yes, there's an ETF with a chunk of Twitter. From InvestmentNews senior columnist Jeff Benjamin, who adds a Turkey Day preview.
