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By Marlene Y. Satter, AdvisorOne |
September 1, 2011
Bank of New York Mellon delivered surprise news late Wednesday with the announcement that Chairman and CEO Robert P. Kelly has left after reported disagreements over the way he has run the company.
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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.
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By Janet Levaux, AdvisorOne |
April 19, 2011
Clearing services conducted by Pershing resulted in sales of $292 million, up 27% from last year.
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By Janet Levaux, AdvisorOne |
July 20, 2010
Revenue from clearing services to broker-dealers and RIAs was $369 million in the most-recent period, down 8% from last year but up 1% from the first quarter.