Bank of New York Mellon Corp.

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  Pershing Automates Collateral Movement, Management for Its Fund Clients

  By Michael S. Fischer  |  May 22, 2012

  Pershing has rolled out two applications that automate the process of moving collateral between the custodian and Pershing Prime Services, the company announced Monday.

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  War of Borrowers Against Savers: News Analysis

  By Gil Weinreich, AdvisorOne  |  February 8, 2012

  When Fed Chairman Ben Bernanke announced two weeks ago that the Fed expected to maintain its near-zero interest rate policy at least as long as the end of 2014, it was the latest salvo in our loose monetary regime’s increasing repression of savers.

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  Euro Forecasts Fall as Draghi Drops Rates

  By Marlene Y. Satter, AdvisorOne  |  December 12, 2011

  As European Central Bank President Mario Draghi cuts interest rates put in place by his predecessor, Jean-Claude Trichet, analysts are taking note—and cutting their forecasts for euro value, saying the higher interest rates now on their way out have been one of the main supports on which the currency’s value...

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  Q3 Earnings: BNY Mellon’s Pershing Unit Does Better Than Bank

  By Joyce Hanson, AdvisorOne  |  October 19, 2011

  Pershing Advisor Services, the RIA custody and BD clearing business of Bank of New York Mellon, outperformed its parent in Q3 2011, reporting a year-over-year rise in profits of 17.9% versus profits of just 4.7% for the larger bank.

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  Q2 Earnings: BNY Mellon Profits Rise Nearly 12% as Pershing Revenue Stays Flat

  By Joyce Hanson, AdvisorOne  |  July 19, 2011

  Bank of New York Mellon reported profits of nearly 12% in Q2 2011, but the Pershing RIA custody unit's revenues were flat.

• Probe of Banks Overcharging Pension Plans Widens

  By Marlene Y. Satter, AdvisorOne  |  February 3, 2011

  State attorneys general in California, Virginia, Tennessee and Florida broadened their investigations into whistleblower allegations that public pension funds in the U.S. were overcharged for currency conversion by tens of millions of dollars.

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  2010 Q4 Earnings: BNY Mellon Misses Expectations; Pershing Fees Rise

  By Joyce Hanson, AdvisorOne  |  January 20, 2011

  Bank of New York Mellon reported Q4 profits of $0.55 per share, missing analysts’ expectations for earnings of $0.57. The bank’s Pershing unit said revenues rose though profits fell.

• BNY Mellon's Q3 EPS Bounces Back; Record AUM of $1.14 Trillion

  By Joyce Hanson, AdvisorOne  |  October 19, 2010

  Bank of New York Mellon Corp. reported third-quarter 2010 profits of $625 million, or $0.51 per common share, compared with a loss of $2.44 billion, or $2.04, in Q3 2009.

• Morgan Stanley, Ratings Groups Face Fraud Claims on Subprime

  By Janet Levaux, AdvisorOne  |  September 3, 2009

  In the New York case, the plaintiffs claim Morgan Stanley wrongly marketed Cheyne as a high-quality investment, and that the rating agencies assigned improperly high ratings.

• Online and Off the Beaten Track

  By Nancy R. Mandell  |  September 1, 2008

  A paperless account opening solution--one of the long-awaited cyber-perks of the 21st century--is here. Pershing LLC, the Bank of New York Mellon Corp. subsidiary, is...