BNY

U.S. commercial banks and savings banks have reduced employment by nearly 81,000 since the first quarter of 2023, including a net loss of 7,463 positions during the third quarter of this year, according to a new report from KRBA Financial Intelligence. Big banks, which have been embracing artificial intelligence, were big contributors to the decline.

BNY estimates the market for stablecoins, tokenized deposits and other assets will reach a combined value of $3.6 trillion in four years, while Standard Chartered says the entire banking industry will soon be "tokenized." The trend is creating pressure to update strategies and technology.

Following the new GENIUS Act, BNY's fund provides a regulated vehicle for stablecoin reserves, distinct from its separate tokenization projects.

The global financial services company is providing BaaS infrastructure to the digital asset branch of investment platform WisdomTree.

BNY's Carolyn Weinberg believes blockchain technology could be the key to an always-on operating system for the New York-based custody bank.

The Bank of New York Mellon had 117 different AI solutions in production at the end of September, Chairman and CEO Robin Vince said. That's up 75% from the second quarter.

Barker sits down with American Banker Editor-in-Chief Chana Schoenberger to talk about her business.

Clients want payments in real-time, so Barker is leaning into RTP and FedNow. She's also all-in on treasury services powered by AI and analytics.

Demand for tokenized assets, real-time data and collateral mobility is turning asset servicing into a strategic differentiator for BNY—and Portney is looking to capitalize on all of it.

The giant custody bank plans to offer specialized instruction in cybersecurity, AI and other topics to 1,000 community bank executives.

In New York City and elsewhere, financial institutions are taking stock of their office-building security protocols following the killing of four people, including an investment bank executive, in Midtown Manhattan. Security experts say that layers of protection are essential in all office buildings.

"During my tenure as CEO, we have never entertained discussions regarding the sale of the company with any financial institution," CEO Michael O'Grady told analysts Wednesday. The Wall Street Journal reported last month that the two banks' CEOs had at least one conversation about a potential merger.

CEO Robin Vince refused to comment on "rumors or speculation" about a potential merger between the custody banking giant and its smaller rival, Northern Trust. He also said that the bar for BNY to engage in M&A is "very high."

The AI and cybersecurity-focused startups completed the vetted proof-of-concept program to prepare for their next level of growth.

The CEOs of Bank of New York Mellon and Northern Trust have had at least one discussion about a potential merger, according to a Wall Street Journal article. On Monday, a spokesperson for Northern Trust said the bank "is fully committed to remaining independent."

BNY's chief commercial officer talks about AI, tariffs and her efforts to help create a leaner, meaner bank.

The potential for a global trade war has largely undone the optimism that the industry exhibited at the beginning of the year. Here's a look at three ways that tariffs could negatively impact banks.

The chief executives at four of the nation's largest banks weighed in on what evolving trade policies mean for their businesses and the U.S. economy. "I think you have to be a little bit pessimistic here," said Bank of New York Mellon CEO Robin Vince.

Bank of New York Mellon's earnings blew past Wall Street's expectations, but CEO Robin Vince said the bank is bracing for long-lasting uncertainty.

The first three months of the year coincide with the start of President Donald Trump's second term in office. Investors are likely to be more interested in banks' outlooks amid swings in tariff policy than the first-quarter results.