BNY Mellon Investment Management, one of the world's largest investment firms and a leading U.S. wealth manager, announced today the launch of BNY Mellon Investor Solutions, an SEC-registered investment adviser that offers comprehensive portfolio management and investment advisory services for investors worldwide seeking outsourced investment management.
Bank of New York Mellon (NYSE: BNY) is not your typical bank in that it is not a commercial bank that relies on loans for income, or an investment bank that facilitates mergers and acquisitions, among other roles. BNY Mellon is a custody bank, which means it holds and safeguards financial assets for primarily large institutional clients, such as mutual fund companies and pensions. BNY Mellon is the largest custody bank in the country with $35 trillion in assets under custody, ahead of its main competitor State Street (NYSE: STT).
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Thomas P. Gibbons, Chief Executive Officer, will speak at the Bernstein Annual Strategic Decisions Conference, held virtually, at 8:00 a.m. ET on Friday, May 29, 2020. The discussion may include forward-looking statements and other material information.
In Italy, the time of total confinement has ended, and we are now entering ‘Phase 2’ where we are finally free to go around. The rules are clearer than they were a few weeks ago: wear a face mask, gloves and, above all, “let’s all keep a distance of one meter…
AM Best has affirmed the Financial Strength Ratings of A (Excellent) and the Long-Term Issuer Credit Ratings of "a+" of BNY Trade Insurance, Ltd. (BNY Trade) (Hamilton, Bermuda) and The Hamilton Insurance Corp. (Hamilton) (Melville, NY). The outlook of these Credit Ratings (ratings) remains stable.
The BNY Mellon U.S. Master Trust Universe returned a median -10.9% in the first quarter of 2020, reversing the trend of positive quarterly performance throughout 2019.
BNY Mellon Wealth Management has named Elizabeth Luk as Head of BNY Mellon Trust of Delaware, which administers trusts for fiduciary clients where BNY Mellon Trust of Delaware serves as sole trustee, co-trustee, or directed trustee. Elizabeth will be based in Greenville, DE and will report directly to Ben McGloin, Head of Advice, Planning and Fiduciary Services.
BNY Mellon Wealth Management has named Myriam Soto as Head of International Wealth Planning and Fiduciary Services. In this role, she will be responsible for the delivery of multi-jurisdictional wealth planning and fiduciary services, as part of our Active Wealth approach to serving global clients. Myriam will report directly to Head of International Wealth Management, Charles Long.
TAST earnings call for the period ending March 31, 2020.
BNY Mellon Wealth Management has named Camille Alexander, CFA, as a Regional President in Washington, D.C. She will be responsible for all aspects of Wealth Management product, service, and sales delivery, reporting directly to Regional President, Central Region, Andrew Paterson.
Erica Daly, a District Nurse Team Leader at Mersey Care NHS, stands in front of the “Liver Bird Wings”, an artwork by Paul Curtis on a wall within Liverpool's Baltic Triangle on April 29, 2020. (Photo by Peter Byrne/PA Images via Getty Images)
As COVID-19 restrictions begin to ease, businesses must rethink how to reopen in a way that is safe and responsible. For Burger Kings in Germany, that means handing out massive paper crowns to keep customers six feet apart from each other. A play off of the f…
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The Bank of New York Mellon Corporation (NYSE:BK) investors will be delighted, with the company turning in some strong...
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Burger King tweeted this photo: I figured it was a gag, but it turns out Burger King in Germany is actually trying these out. "We wanted to reinforce the rules of high safety and hygiene standards that the BK restaurants are following," a Burger King represe…
Moody's has not assigned ratings to the subordinated notes. The initial portfolio amounts to EUR1,100.0mn and is intended to be increased to EUR 1,300.0mn ("Total Transaction Amount") by end of December 2020. As of the closing date, the Issuer issued an initial amount of class A notes equal to EUR 726.7mn, a class B note of EUR 52.6mn and the subordinated note of EUR 328.8mn (whereby EUR 320.7mn financing the portfolio, the remaining amount financing the reserves) in order to fund (i) the initial portfolio of EUR 1,100.0mn and (ii) the EUR 6.0mn cash reserve and the EUR 2.08mn initial commingling reserve.
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]
Moody's Investors Service (Moody's) has affirmed the P-1 letter of credit-backed ratings of Long Island Power Authority ("LIPA") Electric System General Revenue Notes, Series 2015 GR-3 consisting of Series 2015 GR-3A (Taxable) and Series 2015 GR-3B (Tax-Exempt) (collectively the Notes) in connection with the issuance of a substitute letter of credit (LOC) to be provided by Bank of America, N.A. (the Bank). Upon the effective date of the substitute LOC, currently schedule for April 30, 2020, the rating on the Notes is based upon the LOC provided by the Bank; the structure and legal protections of the transaction which provide for timely payment of principal and interest to Note holders; and, Moody's evaluation of the credit quality of the Bank issuing the LOC.
FLT earnings call for the period ending March 31, 2020.
BNY Mellon Wealth Management has named Dan Steinberg as a Senior Wealth Manager. In this role, he will be responsible for advising high-net-worth clients and family offices. Based in Newport Beach, CA, Dan will report directly to Managing Director, Chad Johnsrud.
Moody's Investors Service (Moody's) has affirmed the P-1 letter of credit-backed ratings of Long Island Power Authority ("LIPA") Electric System General Revenue Notes, Series 2015 GR-3 consisting of Series 2015 GR-3A (Taxable) and Series 2015 GR-3B (Tax-Exempt) (collectively the Notes) in connection with the issuance of a substitute letter of credit (LOC) to be provided by Bank of America, N.A. (the Bank). Upon the effective date of the substitute LOC, currently schedule for April 30, 2020, the rating on the Notes is based upon the LOC provided by the Bank; the structure and legal protections of the transaction which provide for timely payment of principal and interest to Note holders; and, Moody's evaluation of the credit quality of the Bank issuing the LOC. Moody's current short-term counterparty risk assessment (CR Assessment) of the Bank is P-1(cr).
The Bank of New York Mellon Corporation ("BNY Mellon") today announced that The Bank of New York Mellon, its wholly-owned subsidiary, will redeem all of the issued and outstanding Floating Rate Senior Bank Notes due June 4, 2021 (CUSIP 06405LAB7) (the "Notes"). The Notes have an aggregate principal amount of $1,250,000,000.
BNY Mellon will report financial results for the second quarter 2020 on Wednesday, July 15, 2020. Materials will be posted to BNY Mellon's website at approximately 6:30 a.m. EDT, and management will host a conference call and simultaneous live audio webcast at 8 a.m. EDT that same day. This conference call and audio webcast will include forward-looking statements and may include other material information.
BNY Mellon (NYSE: BK) today announced that it priced an underwritten public offering of 1,000,000 depositary shares, each representing a 1/100th interest in a share of its Series G Noncumulative Perpetual Preferred Stock, with a liquidation preference of $100,000 per share (equivalent to $1,000 per depositary share), at a public offering price of $1,000 per depositary share ($1 billion aggregate public offering price). Dividends will accrue on the liquidation amount of $100,000 per share of the Series G preferred stock at a rate per annum equal to 4.700% from the original issue date to, but excluding, September 20, 2025; and from, and including, September 20, 2025, at the "five-year treasury rate" (as defined in the preliminary prospectus supplement) as of the most recent reset dividend determination date plus 4.358%. Dividends will be paid only when, as and if declared by the board of directors of BNY Mellon (or a duly authorized committee of the board) and to the extent that BNY Mellon has legally available funds to pay dividends. On September 20, 2025, or any dividend payment date thereafter, the Series G preferred stock may be redeemed at BNY Mellon's option, in whole or in part, at a cash redemption price equal to $100,000 per share (equivalent to $1,000 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends to, but excluding, the redemption date. Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and BNY Mellon Capital Markets, LLC served as joint book-running managers for the offering; Barclays Capital Inc., BNP Paribas Securities Corp., BofA Securities, Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Lloyds Securities Inc., Mizuho Securities USA LLC, RBC Capital Markets, LLC, UBS Securities LLC and Wells Fargo Securities, LLC served as joint lead managers for the offering. The offering is expected to close on May 19, 2020.
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Andre Harrell, the music executive who founded the influential label Uptown Records and helped make Diddy a star, has died. His ex-wife Wendy Credle tells The New York Times that he had had heart problems for a while and the cause of death was heart failure. …
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QSR earnings call for the period ending March 31, 2020.
ALNY earnings call for the period ending March 31, 2020.
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As COVID-19 restrictions begin to ease and restaurants reopen their dine-in service, Burger King is launching the “Social Distancing Crown” to help customers keep a safe distance from each other in a fun way. A play-off of the brand’s tradition of giving out …
BNY Mellon Wealth Management has named Steve Kutz as a Regional President in Los Angeles, CA. In this role, he will oversee all aspects of the Wealth Management business in greater Los Angeles, including advisory, investments, fiduciary, private banking, and marketing. Steve will be based in Los Angeles, CA and will report directly to West Regional President Rob Kricena.
As we learn that COVID-19 was circulating in our communities far before we all imagined, I’ve always had the question, “Have I been exposed to COVID-19 already?” in the back of my mind. On March 11, 2020, I recorded a podcast with travel expert Matthew Kepnes…