Pershing

The giant custodian's parent company, BNY Mellon, is working on how best to help it work together with its other businesses, CEO Robin Vince said.

The current share of 84% of the industry's holdings at Charles Schwab, Fidelity, Pershing and LPL may not stay so big forever, according to Cerulli Associates.

Despite the impact of slumping stocks and reports of job cuts at its parent firm, rising interest rates boosted the giant custodian's business in 2022.

Despite a difficult quarter for wealth management, BNY Mellon is celebrating the launch of its crypto custody services and the future of Pershing X.

The BNY Mellon subsidiary and another of the megabank’s units are collaborating on a new retirement tool for six million plan participants.

In 30 years, direct indexing has gone from an obscure investment strategy to a valued product with outstanding potential for large financial institutions.

BNY Mellon CEO Todd Gibbons says the revenue decline reflects business lost in 2021

Higher equity values and client activity pushed up the major custodian’s revenue in the second quarter, despite significant headwinds.

FINRA arbitrators decided not to hold the major custodian liable for transactions prior to 2008, an attorney for the clients says.

The move for the company’s primary advisory accounts will cut costs for clients and build its fee-based business, President Elizabeth “Libet” Anderson says.