THE BANK of New York and Mellon Financial Corporation are set to merge in a bid to slash costs and boost services.
The new firm, which will be called The Bank of New York Mellon Corporation, will have $16.6trn (£8.39trn) in assets under custody – making it the world’s largest custodian. Its closest rivals – JPMorgan...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point