Major US Banks Deposit $30B in First Republic in Wake of Silicon Valley Bank Collapse

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank.

March 20, 2023 Bank of America | BNY Mellon | Citigroup | First Republic Bank | Goldman Sachs | JPMorgan Chase | Morgan Stanley | PNC Bank | Signature Bank | Silicon Valley Bank | State Street | Truist | U.S. Bank | wells fargo Ian Koplin

CIFC Makes Contribution of More Than $225K to TEAK Fellowship

CIFC Asset Management partnered with the deal parties of its latest CLO, CIFC Funding 2022-II, to make a collective contribution of more than $225,000 to the TEAK Fellowship.

February 24, 2022 Allen & Overy | Appleby | BNY Mellon | Chris Heron | CIFC Asset Management | Dr. Denise Brown-Allen | Initiative for Change | Locke Lord | Mark Sanofsky | Milbank | RBC Capital Markets Ian Koplin

CIFC Launches Philanthropic Program Linked to CLO Transactions

CIFC Asset Management launched the CLO Initiative for Change, a philanthropic program connected to collateralized loan obligations issued by the firm and dedicated to supporting organizations driving social, economic and/or environmental change.

May 20, 2021 Allen & Overy | Appleby | BNY Mellon | Chris Heron | CIFC | Kimberly Bryant | Locke Lord | Mark Sanofsky | Milbank | RBC Capital Markets Ian Koplin

BNY Mellon Makes Gibbons Permanent CEO

BNY Mellon appointed Thomas P. Gibbons CEO, effective immediately. Gibbons has served as interim CEO since September 2019.

March 30, 2020 BNY Mellon | Joseph Echevarria | Thomas P. Gibbons Phil Neuffer

BNY Mellon Agents $800MM Term Loan for Grupo Gerdau

Grupo Gerdau secured a $800 million credit facility. BNY Mellon served as administrative agent for the transaction.

November 4, 2019 Allende & Brea | Banco Bilbao Vizcaya Argentaria | Banco Santander | Beccar Varela | BNP Paribas | BNY Mellon | Citibank | Greenberg Traurig | Grupo Gerdau | HSBC Bank USA | JP Morgan Chase Bank | Mizuho Bank | New York Branch nadine

Wells Fargo Names Scharf CEO and President

Charles W. Scharf has been named Wells Fargo chief executive officer and president, and a member of the board of directors, effective October 21. Scharf was chairman and CEO of Bank of New York Mellon.

September 27, 2019 BNY Mellon | Charlie Scharf | Visa | wells fargo nadine

Gibbons Named Interim CEO of BNY Mellon, Replacing Scharf

Thomas P. (Todd) Gibbons has been appointed by the board of directors as interim chief executive officer of BNY Mellon and a member of the board, effective immediately.

September 27, 2019 BNY Mellon | Thomas P. (Todd) Gibbons nadine

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.

December 18, 2018 Bank of New York Mellon | BNY Mellon | Sanjay Wadhwa | SEC | Securities and Exchange Commission Amanda Koprowski

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.

November 14, 2017 BNY Mellon | Charlie Scharf | Thomas Gibbons ABF Journal

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.

August 31, 2017 BNY Mellon | Jim Crowley | Pershing ABF Journal