BNY

The bank allegedly made “hundreds of millions of dollars” by investing client assets in underperforming proprietary and affiliated funds without disclosing conflicts to clients.

BNY Mellon’s CEO also sees a distribution opportunity for the company’s proprietary funds.

The custodian’s NetX360 desktop now supports biometric authentication.

New digital integrations with CAIS and iCapital make it easier for independent advisors to access private equity and hedge funds.

The firm's new suite of eight low-cost ETFs include two funds that are no-fee.

The clearing and custody giant isn’t saying which company paid it a notable breakage fee this quarter.

The ETF’s debut marks the first big entrant into the zero-cost space with the potential to shake up products from BlackRock, State Street and Vanguard.

The major custodian lost its second arbitration case — with even more filings likely — over the services it provided to a brokerage later proved to be engaged in massive fraud.

Charlie Scharf’s most immediate priorities include mending fences with regulators and getting the bank out from under a Fed-imposed asset cap.

Charles Scharf will replace interim chief Allen Parker at the bank.