BNY Mellon
American financial services company
Follow BNY Mellon on Notably News to receive short updates to your email — rarely!
| 2024 | BNY improved to 130th on the Fortune 500 list. |
| July 2024 | BNY announced Hanneke Smits would retire at the end of 2024, with Jose Minaya to become the next head of BNY Investments and BNY Wealth. |
| June 2024 | BNY reported significant growth, reaching $49.5 trillion in assets under custody and $2.0 trillion in assets under management. |
| June 2024 | BNY Mellon announced a rebranding to BNY, simplifying its corporate brand and renaming its business units. |
| 2023 | BNY Mellon hired Meaghan Muldoon as the firm's first Chief Sustainability Officer. |
| July 2023 | BNY Mellon became an early adopter of the Federal Reserve's instant payment rail, FedNow, and selected minority-, veteran-, and woman-owned firms as bookrunners for a $500 million debt offering. |
| June 2023 | BNY Mellon's Pershing X launched wealth management platform Wove. |
| 2022 | BNY Mellon released 'The Pathway to Inclusive Investment' report, surveying 8,000 respondents across 16 markets globally, focusing on the gender-investment gap. |
| August 2022 | Robin A. Vince was appointed president and CEO, succeeding Thomas Gibbons. |
| 2021 | City Comptroller reported ongoing issues with BNY Mellon, where security personnel continued to prevent auditors from entering or photographing the lobby, and the company was seeking to remove the 'public lobby' designation. |
| 2020 | Thomas 'Todd' Gibbons became CEO of BNY Mellon, serving until 2022. |
| 2020 | Hanneke Smits became CEO of BNY Mellon Investment Management. |
| 2019 | Charles W. Scharf stepped down from BNY Mellon to become the new CEO of Wells Fargo. |
| March 2019 | BNY Mellon staff challenged the company's ban on working from home, raising concerns about childcare, mental health, and diversity, which ultimately led to the company reversing the policy. |
| 2018 | BNY ranked 175th on the Fortune 500 list. |
| December 2018 | BNY Mellon agreed to pay nearly $54 million to settle SEC charges of improper handling of 'pre-released' American depositary receipts, including $29.3 million in disgorgement, $4.2 million in prejudgment interest, and a $20.5 million penalty. |
| December 2018 | BNY Mellon agreed to pay $12.5 million to settle the 2016 lawsuit regarding overcharging retirement plans. |
| September 2018 | BNY Mellon began to permit partial public access to the lobby of the 101 Barclay Street building, though still not meeting the full 24-hour public access requirement. |
| July 2018 | BNY changed its headquarters to 240 Greenwich Street in New York, moving from 101 Barclay St. |
| January 2018 | BNY Mellon announced a new headquarters location at 240 Greenwich Street in New York City, purchasing the building for $352 million. |
| December 2017 | Sheet Metal Workers' National Pension Fund filed a lawsuit alleging BNY Mellon manipulated foreign exchange rates. |
| December 31 2017 | Gerald Hassell retired as Chairman and CEO after serving since 2011. |
| November 2017 | BNY Mellon performed the United States banking industry's first real-time payment transaction using The Clearing House's system. |
| July 2017 | Charles W. Scharf was appointed CEO of BNY Mellon, succeeding Gerald Hassell. |
| April 2017 | New York City Comptroller audit revealed BNY Mellon violated a privately owned public space (POPS) agreement for at least 15 years at its 101 Barclay Street building, where the lobby was not accessible to the public as originally permitted. |
| March 2017 | The presiding judge declined to dismiss the 2016 lawsuit alleging overcharging of retirement plans. |
| 2016 | BNY was included on the Dow Jones Sustainability World Index. |
| December 2016 | BNY Mellon experienced another major technology issue that prevented processing payments through the SWIFT network for 19 hours, creating a significant backlog in global payments (normally processing 160,000 daily payments averaging $1.6 trillion). |
| May 2016 | Multiple plaintiffs filed a lawsuit against BNY Mellon, alleging breach of fiduciary duty by overcharging retirement plans investing in foreign securities. |
| 2015 | BNY concluded its title sponsorship of the Oxford and Cambridge Boat Race after four consecutive years. |
| 2015 | BNY was included on the Dow Jones Sustainability North America and World Indices. |
| October 2015 | BNY relocated its American and global headquarters to 225 Liberty Street. |
| September 2015 | Following the system outage, BNY Mellon was investigated by the Massachusetts Securities Division. As a result, the company paid a $3 million fine for the system failure and lack of a backup plan. |
| August 2015 | BNY Mellon settled foreign bribery charges with the U.S. Securities and Exchange Commission (SEC) for $14.8 million regarding internship practices involving relatives of Middle Eastern investment fund officials, violating the Foreign Corrupt Practices Act. |
| August 26 2015 | Five days after the initial system breakdown, BNY Mellon's SunGard accounting system was still not fully operational, continuing to disrupt fund value calculations. |
| August 22 2015 | BNY Mellon experienced a critical IT system outage when its SunGard accounting system broke down during a software change, rendering the bank unable to automatically calculate net asset values (NAV) for 1,200 mutual funds. Staff were forced to calculate values manually. |
| May 2015 | BNY Mellon agreed to pay $180 million to settle a foreign exchange-related lawsuit. |
| March 2015 | BNY Mellon admitted to misrepresenting foreign exchange pricing, acknowledged misconduct in providing clients with unfavorable rates, dismissed key executives, and agreed to pay US$714 million to settle related lawsuits. |
| 2014 | BNY was included on both the Dow Jones Sustainability North America and World Indices. |
| 2014 | BNY was named one of the world's 50 Safest Banks by Global Finance and one of the 20 Most Valuable Banking Brands by The Banker. |
| 2014 | BNY Mellon worked with the Forbes Fund to create a platform connecting nonprofit organizations with private businesses to solve social challenges. The company was recognized by the National Business Inclusion Consortium as Financial Services Diversity Corporation of the Year. |
| June 2014 | BNY Mellon combined its global markets, global collateral services, and prime services to create the new Markets Group (BNY Markets Mellon). |
| May 2014 | BNY Mellon sold its 1 Wall Street headquarters. |
| 2013 | BNY became a 10-year sponsor of the San Francisco 49ers and a founding partner of Levi's Stadium. |
| 2013 | BNY was first included on the Dow Jones Sustainability North America Index. |
| 2013 | BNY was named one of the world's 50 Safest Banks by Global Finance. |
| 2013 | The company began receiving A ratings from the CDP for corporate greenhouse gas emissions and disclosures, which continued until 2021. |
| 2013 | BNY Wealth began expansion efforts, including opening eight new banking offices, increasing sales staff, bankers, and portfolio managers, and launching a television advertising campaign to raise awareness of their wealth management services. |
| June 2013 | BNY Mellon settled the South Carolina pension fund lawsuit for $34 million. |
| 2012 | BNY became the title sponsor of the Oxford and Cambridge Boat Race, marking the beginning of an expanded sponsorship strategy. |
|
We are only showing the most recent entries for this topic. |
|
This contents of the box above is based on material from the Wikipedia article BNY, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.