BNY Mellon sees 17% drop in assets, earnings down 95%

clock •

US- Assets under management at Bank of New York Mellon fell by 17% to US$928bn in 2008, its latest earnings report reveals.

The firm also said its assets ended the fourth quarter 13% lower than the US$1.1trn reported at the end of the third quarter. Meanwhile, the company reported a staggering drop in net income of ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on US

US

TRS hands $6bn to KKR and Apollo, grows strategic partners programme

US - The Teacher Retirement System of Texas has agreed to issue $6bn combined to Kohlberg Kravis Roberts and Apollo Global Management expanding its strategic partnership programme to the private markets.

Raquel Pichardo-Allison
clock 08 November 2011 •
US

US investors returns negative in Q3

US - All US institutional investors performed negatively in the third quarter of 2011 with the median public, corporate and multi-employer funds down 8.94%, 7.94% and 9.03% respectively, Wilshire Trust Universe Comparison Service (Wilshire TUCS) results...

Jaishree Kalia
clock 08 November 2011 •
US

CalSTRS policy calls for political transparency

US - The California State Teachers' Retirement System (CalSTRS) has adopted a policy which puts pressure on company management teams to disclose their political contributions.

Jaishree Kalia
clock 07 November 2011 •
Trustpilot