Welcome to our dedicated page for Bank New York Mellon news (Ticker: BK), a resource for investors and traders seeking the latest updates and insights on Bank New York Mellon stock.
Stay informed about the latest developments at Bank of New York Mellon, the world's largest custody bank and a major provider of investment services. This news feed aggregates press releases, regulatory filings, analyst coverage, and media reports covering BNY's business operations, financial performance, strategic initiatives, and industry developments.
As a Global Systemically Important Bank serving institutional clients worldwide, BNY's activities and announcements can provide insights into broader trends affecting asset managers, pension funds, insurance companies, and other institutional investors. The company's custody operations, which safeguard over $57 trillion in assets, make it a bellwether for institutional investment activity and cross-border capital flows. News about client wins, asset flows, or new service offerings may signal shifts in how institutions are managing their portfolios or accessing financial markets.
BNY's investment management division manages approximately $2 trillion across multiple boutique firms, providing another window into institutional investment trends. Announcements about new investment strategies, acquisitions of boutique managers, or changes in assets under management can reflect evolving client preferences for different asset classes and investment approaches. The company's clearing division, BNY Pershing, serves thousands of broker-dealers and wealth advisors, making news about platform enhancements or client adoption relevant to professionals in the wealth management industry.
The company's treasury services, corporate trust, and collateral management businesses connect BNY to corporate finance activities, bond issuances, repo markets, and payment system developments. News covering these areas may include information about market share in corporate trust mandates, adoption of new payment technologies, or activity levels in securities lending and repo markets. As one of the largest participants in payment systems and Treasury market infrastructure, BNY's operational initiatives and technology investments often reflect broader industry movements toward automation, digitization, and enhanced cybersecurity.
Regulatory developments represent another important news category, as BNY operates under oversight from the Federal Reserve, Office of the Comptroller of the Currency, and international regulators. Announcements related to capital levels, stress test results, regulatory approvals for new activities, or compliance matters provide transparency into how the company manages its regulatory obligations. Industry trends affecting custody banks, such as changes to capital requirements, securities lending regulations, or digital asset frameworks, frequently appear in news coverage of BNY given its leadership position in these markets.
This news feed encompasses quarterly earnings releases, strategic announcements, product launches, technology initiatives, partnerships, leadership appointments, dividend declarations, and other material developments. By following BNY news, investors can track the company's financial health, strategic direction, and competitive position while also gaining perspective on the institutional investment landscape and financial market infrastructure trends.
BNY Alcentra Global Multi-Strategy Credit Fund has announced a quarterly tender offer for 2.5% of its outstanding shares as of December 31, 2024. The tender offer will commence on January 17, 2025, and expire on February 18, 2025, at 5:00 p.m. Eastern Time. Shares will be purchased at the net asset value per share determined as of December 31, 2024.
The Fund will file tender offer documents with the SEC, which will be made available to shareholders. Georgeson has been appointed as the Fund's Tender Offer information agent, accessible toll-free at (877) 278-9670. The Fund is managed by BNY Investment Adviser, part of BNY Investments, which manages $2.1 trillion in assets as of September 30, 2024. BNY itself has $52.1 trillion in assets under custody and/or administration.
BNY Municipal Bond Infrastructure Fund (NYSE: DMB) has declared a monthly distribution of $0.0300 per share of common stock, maintaining the same rate as December's distribution. The payment is scheduled for February 3, 2025, with a record date and ex-dividend date of January 21, 2025.
The Fund aims to provide regular monthly distributions to shareholders at a stable rate based on projected performance. While maintaining stable distributions, the Fund may occasionally distribute less than its net investment income, use accumulated undistributed income, or return capital.
The Fund is managed by BNY Investment Adviser, part of BNY Investments, which manages $2.1 trillion in assets as of September 30, 2024. The parent company, BNY, oversees $52.1 trillion in assets under custody and/or administration.
BNY Alcentra Global Multi-Strategy Credit Fund (XALCX) has announced two significant distributions: a quarterly distribution of $2.00 per share and a special year-end distribution of $5.85 per share of common stock. Both distributions will be paid on January 3, 2025, to shareholders of record as of December 27, 2024.
The distributions will be taxable to shareholders in 2024, despite being paid in 2025. The Fund maintains a policy of quarterly distributions of net investment income, with flexibility to distribute less than the total earned amount to ensure stable distributions. The distribution strategy considers various factors including asset mix, portfolio maturity, hedging, and market conditions.
The Fund operates as a diversified, closed-end management investment company under BNY Investment Adviser, part of BNY Investments, which manages $2.1 trillion in assets as of September 30, 2024.
BNY High Yield Strategies Fund (NYSE: DHF) has announced a monthly cash dividend of $0.0175 per share, maintaining the same dividend amount as November. The dividend will be paid on January 13, 2025, to shareholders of record as of December 27, 2024, which is also the ex-dividend date.
The fund is managed by BNY Investment Adviser, part of BNY Investments, which manages $2.1 trillion in assets as of September 30, 2024. The parent company, BNY, oversees $52.1 trillion in assets under custody and/or administration.
Sanctuary Wealth has announced an expansion of its multi-custodial wealth management platform through integration with BNY Pershing's Wove platform. The enhanced Sanctuary One platform will provide partner firms with a comprehensive suite of tools including Wove Investor, Wove Data, and Wove Advisory through a single interface. The integration aims to streamline advisor workflows by enabling holistic asset viewing and offering portfolio construction tools, trading features, and an integrated client portal.
The platform's foundational framework is designed to accommodate future integrations without service disruption, allowing Sanctuary partner firms to improve client experience and operational efficiency. This technological enhancement supports Sanctuary's growth strategy through organic expansion, acquisitions, and partnerships with wealth management firms.
BNY (NYSE: BK) has announced the appointment of Rajashree Datta as Deputy Chief Risk Officer, effective December 15. Datta will join BNY's Executive Committee and is set to succeed Senthil Kumar as Chief Risk Officer in 2025 following a transition period.
Datta joins from Goldman Sachs where she served as Partner and Global Head of Finance Risk, overseeing Liquidity, Capital and Accrual Rate Risks. At Goldman Sachs, where she started in Investment Banking in 2000, she played a key role in developing risk management approaches, focusing on balancing business requirements, risk appetite, and regulatory expectations.
Conduent (NASDAQ: CNDT) and BNY (NYSE: BK) have announced a strategic alliance to provide comprehensive pension risk transfer services. The collaboration combines BNY's global payments and cash management capabilities with Conduent's expertise in pension account record-keeping and customer service.
The partnership aims to offer insurers and pension acquirers an end-to-end pension risk transfer solution operating in a single, comprehensive system. This integration helps companies with defined benefit programs address challenges related to high maintenance costs and risk management while ensuring continued support for plan participants.
BNY Municipal Bond Infrastructure Fund (NYSE: DMB) has declared a monthly distribution of $0.0300 per share of common stock, maintaining the same rate as November. The distribution is payable on January 2, 2025, to shareholders of record as of December 18, 2024, which is also the ex-dividend date.
The Fund aims to provide regular monthly distributions at a stable rate based on projected performance. The distribution policy is flexible, allowing the Fund to adjust payments based on market conditions and portfolio performance, potentially including accumulated undistributed income or return of capital.
BNY Investments, the Fund's investment adviser division, manages $2.1 trillion in assets as of September 30, 2024, while its parent company BNY oversees $52.1 trillion in assets under custody and/or administration.
BNY Alcentra Global Credit Income 2024 Target Term Fund (NYSE: DCF) has completed its planned liquidation on November 25, 2024. The fund was managed by BNY Investment Adviser, part of BNY Investments, which manages $2.1 trillion in assets as of September 30, 2024. BNY Investments operates through seven investment firms and is a division of BNY, which oversees $52.1 trillion in assets under custody and/or administration. BNY, established in 1784, is America's oldest bank and operates as The Bank of New York Mellon (NYSE: BK).
BNY High Yield Strategies Fund (NYSE: DHF) has declared a monthly cash dividend of $0.0175 per share from net investment income. The dividend is payable on December 20, 2024, to shareholders of record at the close of business on December 6, 2024. The ex-dividend date is December 6, 2024. This dividend amount matches the previous dividend declared in October. The fund is managed by BNY Investment Adviser, part of BNY Investments, which manages $2.1 trillion in assets as of September 30, 2024.
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