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By Joyce Hanson, AdvisorOne |
July 18, 2012
Bank of New York Mellon's Q2 earnings were down due to costs from an investor lawsuit, but the clearing services unit that includes Pershing Advisor Services helped slightly offset that profit loss.
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By Joyce Hanson, AdvisorOne |
April 19, 2012
Higher Q1 2012 clearing services fees at the BNY Mellon unit that includes Pershing Advisor Services helped the bank offset lower trading volumes as the bank fights a number of forex lawsuits.
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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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By James J. Green, AdvisorOne, Marlene Y. Satter, AdvisorOne |
September 1, 2011
Long-time veteran will succeed Kelly following management differences with board