SEC Fines BNY Mellon $54MM+ for Improper ADR Handling

According to the Securities and Exchange Commission, Bank of New York Mellon will pay more than $54 million to settle charges of improper handling of “pre-released” American Depositary Receipts.

BNY Mellon Launches New Leadership Structure

The Bank of New York Mellon revamped its organizational and leadership structure, effective January 1, 2018. As part of the organizational restructuring, Thomas Gibbons was appointed CEO of Clearing, Markets and Client Management.

BNY Mellon’s Pershing Appoints Crowley as COO

BNY Mellon’s Pershing, a provider of global financial business solutions, named Jim Crowley chief operating officer.

Former Fifth Third Attorney Joins BuckleySandler

BuckleySandler appointed Heather Russell as a partner to lead the Financial Institutions Regulation, Supervision & Technology practice. She was formerly with Fifth Third, BNY Mellon and Bank of America.

BNY Mellon Markets Appoints Murray COO

BNY Mellon hired Piers Murray as chief operating officer of the Markets business, effective June 15, 2016.

BNY Mellon Names Harris CEO of Investment Management Business

Mitchell Harris was named BNY Mellon chief executive officer of Investment Management business, effective immediately.

Commerzbank Sues BNY Mellon, Wells Fargo, Others over Mortgage Losses

Reuters reported Commerzbank has sued four banks in the U.S. claiming they failed to properly monitor billions of dollars in toxic mortgage-backed securities acquired by the lender before the 2008 financial crisis.

WSJ: BNY Mellon Replaces U.S. Bancorp in Top Five Banks

Wall Street Journal reported Bank of New York Mellon has overtaken U.S. Bancorp for the fifth position of the country’s five largest banks, with an asset jump of 8.8%, compared to U.S. Bancorp’s 6.9%.

Financial Servicers Fail to Connect with Millennials

Financial services providers are failing to connect with the millennial generation, according to a new study by BNY Mellon and the University of Oxford.

BNY Mellon Ranked Top Trustee for CLO Market in 2012

BNY Mellon said it was the top trustee for collateralized loan obligations in 2012, according to data from Asset Backed Alert.