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Bank of New York Mellon’s quick decision to elevate the longtime executive to succeed Charles Scharf on an interim basis was well received. Will the board keep him, or search for an outsider for the long term?
September 27 -
JPMorgan Chase's custody services unit has emerged as an "industry powerhouse" under the Heitsenrether's leadership.
September 22 -
Second-quarter earnings at the Chicago custody bank were flat as increased interest costs offset better yields and fee income held steady.
July 24 -
Subhankar Sinha, the bank’s new head of blockchain, says its partnership with Bakkt is part of a larger effort to figure out what it would look like to be a custodian for digital assets.
June 3 -
Some banks have backed away from the technology, but Northern Trust, State Street and JPMorgan Chase are among those actively working on blockchain projects.
May 13 -
Money managers, which are critical to the success of State Street and Northern Trust, are aggressively moving cash into higher-rate products.
April 23 -
Bank of New York Mellon's clients shifted more of their deposits to higher-rate products. It was one of several trends that hurt the custody bank's bottom line.
April 17 -
The board of the Federal Deposit Insurance Corp. on Friday made several proposals meant to simplify post-crisis rules, prompting opposition from its most recent former chairman.
March 29 -
The company protects digital assets with hardware-based security, biometrics and quorums. Hedge funds are already signing on.
January 23 -
The company's fourth-quarter results were also stymied by costs tied to severance and litigation, along with investments in technology.
January 16