BNY and Conduent to Deliver End-to-End Pension Risk Transfer Solution to Support Increasing Transactions among Corporate Pensions
The Bank of New York Mellon Corporation (“BNY”) (
NYSEBK), a global financial services company, and Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, have today announced a strategic alliance to connect insurers and pension acquirers with end-to-end pension risk transfer services in one place.
Decoding Jackson Hole: The Fed's Impact on Your Stock PortfolioThe Federal Reserve's upcoming policy announcements at Jackson Hole will shape investor expectations and influence market direction for the rest of the year.
CORRECTING and REPLACING Snorkel AI Signs Agreement with BNY to Accelerate the Development of AI Models
Headline of release should read: Snorkel AI Signs Agreement with BNY to Accelerate the Development of AI Models (instead of Snorkel AI Signs Agreement with BNY to Accelerate the Development of Predictive AI Models).
AM Best Affirms Credit Ratings of BNY Trade Insurance, Ltd. and The Hamilton Insurance Corp.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of BNY Trade Insurance, Ltd. (BNY Trade) (Hamilton, Bermuda) and The Hamilton Insurance Corp. (Hamilton) (Melville, NY). The outlook of these Credit Ratings (ratings) is stable.
BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable May 31, 2024 to shareholders of record on May 14, 2024, with an ex-dividend date of May 13, 2024.
Computershare to buy BNY Trust Company of Canada
Computershare Limited (ASX: CPU) has announced that it has agreed to acquire BNY Trust Company of Canada from BNY Mellon (
NYSEBK) through its Canadian trust company, Computershare Trust Company of Canada.
BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable April 30, 2024 to shareholders of record on April 12, 2024, with an ex-dividend date of April 11, 2024.
BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable March 29, 2024 to shareholders of record on March 14, 2024, with an ex-dividend date of March 13, 2024.
The Bank of New York Mellon Corp. (NYSE: BK) Climbs to New 52-Week HighShares of The Bank of New York Mellon Corporation (
NYSEBK) traded at a new 52-week high today and are currently trading at $42.34. So far today, approximately 3.82M shares have been exchanged, as compared to an average 30-day volume of 5M shares.
The Bank of New York Mellon Corp. (NYSE: BK) Climbs to New 52-Week HighShares of The Bank of New York Mellon Corporation (
NYSEBK) traded at a new 52-week high today and are currently trading at $42.34. So far today, approximately 3.82M shares have been exchanged, as compared to an average 30-day volume of 5M shares.
BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable January 31, 2024 to shareholders of record on January 16, 2024, with an ex-dividend date of January 12, 2024.
This Is How HSBC's Crypto Collaboration Disrputs BankingBanking giant HSBC rose 5.78% last month on reports of a partnership with crypto custodian Fireblocks as the banking industry explores digital assets.
Are Major U.S. Banks At Risk Of Credit-Ratings Downgrades?Big banks, including JPMorgan Chase and Citigroup, decline due to Fitch's credit rating concerns. Borrowing costs and earnings prospects could be affected.
A Hidden Gem: The Bank Stock Flying Under The RadarLook for shares to tick back up toward $50 in the coming weeks, which is where they topped out at the start of the year.
AM Best Affirms Credit Ratings of BNY Trade Insurance, Ltd. and The Hamilton Insurance Corp.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of BNY Trade Insurance, Ltd. (BNY Trade) (Hamilton, Bermuda) and The Hamilton Insurance Corp. (Hamilton) (Melville, NY). The outlook of these Credit Ratings (ratings) is stable.
Buffett's Latest Buys: What Stocks Is He Adding to His Portfolio?Berkshire Hathaway buys $13.2 billion stake in Occidental Petroleum. Capital One is a new large holding, while stakes in Bank of America and Citigroup increase.
Franklin Templeton to Acquire Alcentra from BNY Mellon
Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, and The Bank of New York Mellon Corporation [NYSE:BK] (“BNY Mellon”) today announced that Franklin Templeton has entered into a definitive agreement to acquire BNY Alcentra Group Holdings, Inc. (together with its subsidiaries, “Alcentra”) from BNY Mellon. One of the largest European credit and private debt managers, Alcentra has $38 billion in assets under management (“AUM”) with global expertise in senior secured loans, high yield bonds, private credit, structured credit, special situations and multi-strategy credit strategies.
BlackRock Strengthens ETF Operating Platform by Diversifying Post-Trade Service Providers
BlackRock (
NYSEBLK) today announced that it has entered into agreements with BNY Mellon
NYSE: BKNYSEBK)
(NYSE: CNYSEC
, and JP Morgan (NYSE: JPMNYSE
) to join State Street (NYSE: STT
STT) as post-trade service providers for iShares’ $2.3 trillion in U.S.-domiciled exchanged traded funds (ETFs).1 The announcement culminates a nearly two year-long due diligence process with the selection of several world-class financial institutions to support the growth of U.S. iShares ETFs and strengthen the broader ETF ecosystem.
BNY Mellon Municipal Bond Closed-end Funds Declare Distributions
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable on December 31, 2021 to shareholders of record on December 14, 2021 with an ex-dividend date of December 13, 2021.
AM Best Affirms Credit Ratings of BNY Trade Insurance, Ltd. and The Hamilton Insurance Corp.
AM Best has affirmed the Financial Strength Ratings of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of BNY Trade Insurance, Ltd. (BNY Trade) (Hamilton, Bermuda) and The Hamilton Insurance Corp. (Hamilton) (Melville, NY). The outlook of these Credit Ratings (ratings) is stable.
