- WIB PH
With a significant promotion at BNY Mellon and an eventful year as chairman of the Penn State trustee board, Karen Peetz further refines the leadership skills that have long made her worth watching.
September 18 -
The Bank of New York Mellon has created a new position to oversee its in-house training efforts.
June 25
The Federal Reserve released Bank of New York Mellon (BK) from a regulatory action requiring it to tighten up its internal controls.
The
The order related to a loan BNY Mellon received from the Federal Reserve Bank of Boston in September 2008. A portion of the collateral that BNY Mellon posted was ineligible under the terms of the loan agreement, a violation that allowed the bank to receive a larger loan than it should have received, the order states. The bank then failed to report the problems with the collateral to the Boston Fed, according to the order.
BNY Mellon also paid a $6 million civil penalty over the alleged violations, without admitting or denying the allegations. It repaid the loan in question in 2010, the Fed said.