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.
BNY, officially known as The Bank of New York Corporation (NYSE: BK), stands as a global leader in the financial services sector. With a rich heritage dating back over 240 years, BNY offers a comprehensive suite of services aimed at managing and servicing financial assets for institutions, corporations, and individual investors.
Operating in 35 countries and more than 100 markets, the company provides investment management and investment services with unparalleled expertise. As of March 31, 2024, BNY oversees an impressive $48.8 trillion in assets under custody and/or administration and $2.0 trillion in assets under management. This makes BNY the world's largest global custody bank, serving as a vital partner to its clients by facilitating the creation, trading, holding, managing, servicing, distributing, or restructuring of investments.
BNY's client base includes over 90% of Fortune 100 companies, nearly all the top 100 banks globally, and an extensive roster of governments, pension plans, and more. The company's vast influence and industry leadership are further cemented by its recent collaborations and initiatives aimed at democratizing financial services. These include strategic partnerships with minority depository institutions (MDIs) such as Ponce Bank, along with other mission-driven financial firms like Optus Bank, MoCaFi, and IntraFi.
One of the latest milestones for BNY is the enhancement of Pershing X's Wove platform, which aims to revolutionize wealth management by providing interconnected advisory tools for registered investment advisors, broker-dealers, and wealth management firms. This innovation aligns with BNY's ongoing commitment to leverage cutting-edge technology for the benefit of its clients and the broader financial ecosystem.
With a workforce of over 50,000 employees worldwide and recognition from prestigious entities like Fortune and Fast Company for its workplace innovation, BNY continues to set industry standards. The firm remains dedicated to helping its clients achieve their financial ambitions by putting its extensive expertise and platforms to work, ensuring that money moves efficiently and securely across the globe.
BNY Mellon will announce its third quarter 2021 financial results on October 19, 2021, with materials available at 6:30 a.m. ET on its website. A conference call and audio webcast will follow at 8 a.m. ET, providing insights and forward-looking statements. Investors can join by dialing +1 800-390-5696 or logging onto BNY Mellon's investor relations page. Replays of this session will be accessible from 2 p.m. ET on October 19 until November 19, 2021.
BNY Mellon has partnered with Microsoft to migrate wire payment infrastructure to Microsoft Azure, enhancing the resilience and capacity of the payments industry. This collaboration establishes a treasury cash management relationship, focusing on critical high-value wire payments using cloud technology. The shift to Azure aims to improve operational efficiency and flexibility during market volatility, marking a significant step in BNY Mellon's strategy to digitize payments. As of June 30, 2021, BNY Mellon managed $2.3 trillion in assets.
BNY Mellon Alcentra Global Multi-Strategy Credit Fund has announced its quarterly tender offer, allowing shareholders to tender 2.5% of the Fund's outstanding shares as of September 30, 2021. The tender offer will commence on October 14, 2021, and will expire on November 12, 2021, at 5:00 p.m. ET. Shareholders should refer to the Offer Documents for detailed terms, which will be filed with the SEC. BNY Mellon Investment Management, part of BNY Mellon, oversees $2.3 trillion in assets under management.
BNY Mellon is expanding its Custody FX offering by introducing new trading capabilities while transitioning to a transparent open architecture model. Clients can now customize their currency trading with enhancements like Large Order Execution via algorithmic methods, improved transparency through trade micro-timestamping, and expanded Asia execution capabilities. This shift aims to empower clients, providing them with greater control over their FX trading programs and increasing their autonomy. As of June 30, 2021, BNY Mellon managed $45.0 trillion in assets under custody.
Compañía de Minas Buenaventura S.A.A (NYSE: BVN) is set to hold its Third Quarter 2021 earnings conference call on October 29, 2021, at 10:00 AM ET. Financial results will be released on October 28, 2021. Participating in the call will be CEO Leandro García Raggio and senior management, discussing the company's financial and operating results. Buenaventura operates several mines in Peru and is a key player in precious metals, holding significant stakes in Minera Yanacocha and Sociedad Minera Cerro Verde. For more information, visit www.buenaventura.com.
BNY Mellon has joined the Marco Polo Network, a blockchain consortium aimed at enhancing international trade finance. This partnership will improve liquidity in the supply chain by offering innovative financing solutions and real-time visibility of trade finance instruments. The network includes around 45 banks and utilizes cloud-based technology for secure data exchange. Notably, this advancement reduces credit risk and offers potential for a secondary market in trade finance. As of June 30, 2021, BNY Mellon managed $2.3 trillion in assets.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) announced a monthly dividend of
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